preference share

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Preference share

Preferred shares of a corporation that have first claim to preferred dividends.

Preferred Stock

Stock in a publicly-traded company without voting rights, but otherwise with more rights than common shares. Preferred stocks receive dividends before common shares and sometimes have guaranteed dividends, while common shares only receive the leftovers. Preferred stocks also have a prior claim on capital in the event of liquidation; if the company is liquidated, all preferred shareholders must be paid off before a single common shareholder. Some preferred stocks are convertible, which means they can be changed into common shares at a certain ratio so that even preferred shareholders without voting rights have the possibility of gaining them. Preferred stocks tend not to appreciate as fast as common stocks.

preference share

or

preferred stock

a FINANCIAL SECURITY issued to those individuals and institutions who provide long-term finance for JOINT-STOCK COMPANIES. Preference shares pay a fixed rate of DIVIDEND and are generally given priority over ORDINARY SHARES in receiving dividend. In the event of the company being wound up they also have first claim on any remaining ASSETS of the business after all debts have been discharged. Cumulative preference shares are entitled to be paid any arrears of their dividend before ordinary shares receive any dividends.

Certain preference shares, called Participating Preference Shares, entitle holders not only to a fixed dividend rate but also to anadditional distribution of profit in good trading years. Generally, preference SHAREHOLDERS have no voting fights at company ANNUAL GENERAL MEETINGS, though under the terms of a firm's ARTICLES OF ASSOCIATION they may be granted voting rights where their dividends are in arrears. See SHARE CAPITAL.

preference share

or

preferred stock

a FINANCIAL SECURITY issued to those individuals and institutions that provide long-term finance for JOINT-STOCK COMPANIES. Preference shares pay a fixed rate of DIVIDEND and are generally given priority over ORDINARY SHARES in receiving dividend. In the event of the company being wound up (see INSOLVENCY), they also have first claim on any remaining ASSETS of the business after all debts have been discharged. Generally, preference SHAREHOLDERS have no voting rights at company ANNUAL GENERAL MEETINGS. See also SHARE CAPITAL.
References in periodicals archive ?
-A dividend of USD 351.5625 per share on BB&T's Series H Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrH)
31, 2018; 23 million depositary shares related to its Series D Non-Cumulative Perpetual Preferred Stock; 46 million depositary shares related to its Series E Non-Cumulative Perpetual Preferred Stock; 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock; 20 million depositary shares related to its Series G Non-Cumulative Perpetual Preferred Stock; and 19 million depositary shares related to its Series H Non-Cumulative Perpetual Preferred Stock.
Preferred stocks can make a valuable contribution to an institution's investment portfolio.
A quarterly cash dividend of USD 14.25 per share was declared on its Noncumulative Perpetual Series F Preferred Stock. This dividend equals USD 0.356250 per depositary share.
In accordance with the terms of Annaly's 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the Board has declared a Series G Preferred Stock cash dividend for the third quarter of 2018 of USD 0.40625 per share of Series G Preferred Stock.
Series E (represented by depositary shares, each representing a 1/4000th interest in a share of Series E preferred stock).
The dividends on all series of preferred stock will be paid on May 10, 2012, to preferred shareholders of record on April 25, 2012.
A quarterly cash dividend of USD15.50 per share was declared on its noncumulative perpetual Series B preferred stock. The Series B preferred stock dividend is payable on June 30, 2016, to shareholders of record as of June 17, 2016.
o Fixed-to-floating rate non-cumulative preferred stock, Series E - USD445.31 per share
In the same vein, a Treasury explanation of the new provision stated "tax-free treatment in a reorganization or section 351 transaction is inappropriate for preferred stock that has an enhanced likelihood of recovery of principal or of maintaining a dividend, or both, or that otherwise has certain nonstock characteristics" (Department of the Treasury, General Explanation of the Administration Revenue Proposals Contained in the Revenue Reconciliation Bill of 1996 (March 1996), p.
USD437.99 per share of 5.95% Non-Cumulative preferred stock, Series I.
The dividends on the series A preferred stock, series B preferred stock, Series C preferred stock and Series D preferred stock will be paid on November 13, 2012 to preferred shareholders of record on October 29, 2012.