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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Berger, Dual Class Stock and Private Ordering: A System That Works,
[https://perma.cc/V33L-CX7R] ("Dual class stocks were first
On April 10, 2018, we completed a corporate reorganization that eliminated Tiptree's dual class stock structure.
Under a dual class stock system, certain stocks are equipped with more voting rights, enabling the largest shareholder to protect their managerial control.
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.com.au reports.
Muravyev, A., 2007, "Dual Class Stock in Russia: What Explains the Price Differential between Common and Preferred Shares?" DIW Berlin Discussion Paper No.
The dual class stock structure is hardly unique to The New York Times Company.
The key to winning at Marriott was that the dual class stock proposal violated a treasured principle of institutional shareholders, namely "one share, one vote" and hence offered a clear-cut issue that allowed investors with diverse agendas to form a coalition.
A dual class stock is the issuing of shares with distinct voting rights by one company.
Tracking stocks differ from dual class stocks. With the latter, a company sells two or more classes of stock for the parent company.