Zero Dividend Preference Share

(redirected from Zero Dividend Preference Shares)

Zero Dividend Preference Share

A preferred share that does not pay a dividend. Rather, the shareholder receives an agreed-upon, fixed amount when he/she redeems the share with the issuer. As with all preferred shares, in the event of liquidation, holders are entitled to receive proceeds from liquidation before any common shareholders.
References in periodicals archive ?
PEWT Securities PLC Zero Dividend Preference Shares -- accrued capital entitlement 220.
The above Net Asset Value has been calculated based on the number of shares in issue as at the above date, being 18,088,480 Premier Energy and Water Trust PLC Ordinary Shares and 22,446,099 PEWT Securities PLC Zero Dividend Preference Shares.
This amount excludes the liability for the repayment of PEWT Securities PLC Zero Dividend Preference Shares on their final redemption date of 31 December 2015.