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.
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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.
Moody's reviews for downgrade Standard Chartered's long-term ratings
non-cumulative preference share rating at Baa2(hyb), and affirmed its
MOODY'S UPGRADES STANDARD CHARTERED'S DEPOSIT AND SENIOR UNSECURED DEBT RATINGS TO AA2
95 percent fixed-to-floating rate perpetual non-cumulative preference shares with a USD25 liquidation preference per share and a dividend of USD0.
Aspen declares common and preferred stock dividends
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.
Validus Holdings offers depositary shares
625% Perpetual Non-Cumulative Preference Shares, representing $250 million in aggregate liquidation preference.
Hong Kong,United States : Simpson Thacher Represents Underwriters in $250 Million Preferred Stock Offering by Aspen Insurance
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
Conversion of PNCPS approved by cabinet
31 to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on Dec.
The bottom line
250 percent perpetual non-cumulative preference shares with a USD25 liquidation preference per share; a dividend of USD0.
Aspen Insurance announces dividends
53 per share of its Fixed/Floating Perpetual Non-Cumulative Preference Shares, the company said.
Sirius announces USD37.53 dividend
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.
MARC affirms ratings on Ranhill Powertron II Sdn Bhd's MYR 710 million IMTN programme
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.
India : CENTRAL BANK OF INDIA plans to raise Rs 660 crore through conversion of PNCPS
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.
Government Preference shares in Banks to be converted into equity ones

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