Dual Class Stock

Dual Class Stock

A stock in a publicly-traded company that issues two types of stock. Each stock class has distinct rights attached to it. Generally speaking, dual-class stocks include preferred stock, which carries the right to guaranteed dividends, and common stock, which carries the right to vote in the annual meeting.
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A dual class stock is the issuing of shares with distinct voting rights by one company.
These countries permit dual class stock issuance only at the time of IPOs, not retroactively apply it to existing giants, such as Samsung and Hyundai.
They also called for changes to management and the company's dual class stock structure that helps keep control of major issues in the hands of Murdoch, News.
The dual class stock structure is hardly unique to The New York Times Company.
The GM Class E stock is referred to as both a tracking stock and a dual class stock.