Noncumulative preferred stock


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Related to Noncumulative preferred stock: preferred stock

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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950 percent Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series A, which will be payable January 30, 2015, to holders of record on January 20, 2015.
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800% Noncumulative Preferred Stock, Series C, payable October 24, 2016, to holders of record on October 13, 2016.
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