Noncumulative preferred stock

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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 ?
44531 per depository share) on its series E fixed-to-floating rate non-cumulative preferred stock and a dividend of USD429.
Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues: Floating Rate Non-Cumulative Preferred Stock, Series A - $255.
US-based global investment banking firm Goldman Sachs Group, Inc (NYSE: GS) has said that it has declared dividends on its non-cumulative preferred stock.
Fannie Mae agreed to sell to "qualified institutional buyers" an aggregate of $5 billion in two placements of non-cumulative preferred stock.
70 percent series T non-cumulative preferred stock and a distribution of USD157.
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):
Also, the company's fixed-to-floating rate non-cumulative preferred stock, series H will pay a dividend of USD681.
Summary: Moody's Investors Service assigned shelf ratings and a non-cumulative preferred stock rating to Cullen/Frost Bankers, Inc.
NYSE: GS) 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):
20 percent series CC non-cumulative preferred stock.
204 percent non-cumulative preferred stock, Series D, is payable on December 14 to shareholders of record as of November 30.
Moody's Investors Service assigned shelf ratings and a non-cumulative preferred stock rating to First Horizon National Corporation (FHN; senior unsecured of B2 negative).

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