Noncumulative preferred stock

(redirected from Non-Cumulative Preference Share)

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 ?
SCPLC: Aa3 senior unsecured debt rating, (P)Aa3 senior unsecured MTN program rating, A2 subordinated debt rating, (P)A2 subordinated MTN program rating, Baa1(hyb) junior subordinated debt rating, and Baa2(hyb) non-cumulative preference share rating.
non-cumulative preference share rating at Baa2(hyb), and affirmed its
95 percent fixed-to-floating rate perpetual non-cumulative preference shares with a USD25 liquidation preference per share and a dividend of USD0.
NYSE: VR) has commenced an underwritten public offering of depositary shares, each of which represents a 1/1,000th interest in a share of its Non-Cumulative Preference Shares, Series B, USD 0.
625% Perpetual Non-Cumulative Preference Shares, representing $250 million in aggregate liquidation preference.
9 ( ANI ): The Union Cabinet on Thursday gave its approval for conversion of Perpetual Non-Cumulative Preference Shares (PNCPS) held by Government of India (GOI) in Indian Bank, UCO Bank and Vijaya Bank
31 to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on Dec.
250 percent perpetual non-cumulative preference shares with a USD25 liquidation preference per share; a dividend of USD0.
53 per share of its Fixed/Floating Perpetual Non-Cumulative Preference Shares, the company said.
RPII's cash flow from operations (CFO) after taking into account the MYR 90 million redemption of the redeemable convertible non-cumulative preference shares (RCNPS) stood at MYR 102.
State-run Central Bank of India plans to raise Rs 660 crore through conversion of perpetual non-cumulative preference shares (PNCPS) held by the government into equity shares.
2 ( ANI ): The Union Cabinet today gave its approval for conversion of Perpetual Non-Cumulative Preference Shares (PNCPS) held by Government of India (GOI) in Indian Bank, UCO Bank and Vijaya Bank into equity shares.

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