Noncumulative preferred stock

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Related to non-cumulative: cumulative preferred, Accumulated Dividends

Noncumulative preferred stock

Preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: Cumulative preferred stock.

Noncumulative Preferred Stock

Preferred stock for which the publicly-traded company does not need to pay all dividends. If a company misses a dividend payment for any reason, it no longer owes the dividend to noncumulative preferred stockholders. That is, all dividends that were "skipped" are treated as if they never existed. Noncumulative preferred stocks are rare because they are unattractive to preferred stock investors.
References in periodicals archive ?
BB&T added that it has approximately 780 million shares of common stock, 23 million depositary shares related to its Series D Non-Cumulative Perpetual Preferred Stock, 46 million depositary shares related to its Series E Non-Cumulative Perpetual Preferred Stock, 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock and 20 million depositary shares related to its Series G Non-Cumulative Perpetual Preferred Stock.
th] interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrE)
50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol WFCPrL.
With long floating period, the interest rate of non-cumulative perpetual subordinate bank debentures is usually higher than that of the non-perpetual subordinate debentures by more than 100 basis points (1 basis point = 0.
Previously, the agency had slashed the rating on the non-cumulative instruments to Caa1, on review for possible downgrade, as well as the rating on the cumulative hybrid instruments to Ba3, with a "negative" outlook.
375 percent Non-Cumulative Convertible Series 2004-1 Preferred Stock has a stated value and liquidation preference of $100,000 per share and is convertible by holders into shares of Fannie Mae common stock at a conversion price of $94.
50% Series A Non-Cumulative Perpetual Preferred Stock, at the close of business on February 15, 2013.
38per share of Floating Rate Non-Cumulative Preferred Stock, Series A;
today announced that it has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock, except for the Series L preferred stock in which each depositary share represents a 1/25th interest in a share): $236.
204 percent Non-Cumulative Preferred Stock, Series D, is payable on March 14, 2013 to shareholders of record as of February 28, 2013.
00 per share on its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I, and USD306.
Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock C Series A Non-Cumulative Preferred Stock (NYSE: AGM.

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