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.
References in periodicals archive ?
125 percent fixed rate/floating rate noncumulative preferred stock, series J, payable September 30, 2016, to holders of record on September 20, 2016; a dividend of USD0.
90% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, payable February 15, 2018, to holders of record on February 2, 2018.
875% Noncumulative Preferred Stock, Series L, payable February 12, 2018, to holders of record on February 2, 2018.
350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable November 15, 2017, to holders of record on November 5, 2017.
800 percent Noncumulative Preferred Stock, Series C, which will be payable July 22, 2015, to holders of record on July 11, 2015; USD0.
noncumulative preferred stock, most preferential partnership income and capital rights, and discretionary rights, such as a liquidation, put, call or conversion right) are generally valued at zero in determining the gift tax value of a transferred junior equity interest.
Since CRBC's recent noncumulative preferred stock issuance converted to common equity at the end of the third quarter, Fitch has withdrawn the preferred stock rating.
80% Noncumulative Preferred Stock, Series C, payable April 24, 2017, to holders of record on April 13, 2017.
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.
Therefore, the parent would usually select noncumulative preferred stock without value supporting features (such as a conversion privilege into the common stock or a liquidation right).
800% Noncumulative Preferred Stock, Series C, payable October 24, 2016, to holders of record on October 13, 2016.
800 percent noncumulative preferred stock, Series C, payable April 22, 2016, to holders of record on April 11, 2016.