cumulative


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Cumulative

A preferred stock where the publicly-traded company must pay all dividends. If a company misses a dividend payment for any reason, it still owes it to cumulative preferred stockholders. That is, all dividends that were "skipped" must be paid to cumulative preferred stockholders before any dividends are paid to common stock holders. This contrasts with non-cumulative preferred stock, where stockholders must forgo dividend payments that are missed. Most preferred stock is cumulative.

cumulative

Of or relating to preferred stock and income bonds on which dividends must be paid in full before any payment of dividends is made to common stockholders. Thus, any dividends that are passed eventually must be brought up to date before common stockholders may receive payments. Nearly all issues of preferred stock are cumulative. Compare noncumulative. See also dividends in arrears.
References in periodicals archive ?
The requirement to evaluate the expectation of a cumulative profit on a property-by-property and business-by-business basis will place undue emphasis on the allocation of expenses among business units of a multi-business operation or among different activities that are part of a single, integrated business.
In effect, the cumulative profit test compels taxpayers to retain all of their annual accounting records permanently for each source.
After 20 to 30 years of continuous vaccination, post- and preexposure vaccines had similar effectiveness in terms of the cumulative percent of TB cases prevented (Figure 3B).
We determined the quantitative effect of each of these three variables on the cumulative percentage of TB cases prevented by performing a multivariate sensitivity analysis and calculating partial rank correlation coefficients (PRCCs) (Appendix).
109, including whether to adopt it for 1992, if the catch-up effects on prior years should be reported as the cumulative effect of a change in accounting principles or through restatement and how to treat prior acquisitions.
As mentioned earlier, problems with cumulative trauma disorder have just begun to get the recognition they need in the last few years.
This model assumes that 1) the rate of cumulative SARS case increase is proportional to the present number of cases, 2) without control measures the SARS case incidence grows exponentially, and 3) intervention measures will have a negative effect on SARS case increase.
5% Series A Cumulative Redeemable Preferred Stock will be provided by DRA as it becomes available and is available on DRA's website at www.
Ohio Power Company will redeem 14,495 shares outstanding of its cumulative preferred stock, 4.
Cumulative production of high capacity PMR drives passed 1 million units in the middle of September.
NEW YORK -- The Board of Trustees (the "Board") of Charter Mac Equity Issuer Trust, a wholly-owned subsidiary of CharterMac (NYSE:CHC), has declared a dividend of $33,125 per share on its 6 5/8% Series A Cumulative Preferred Shares ("Series A Preferred Shares").
5% Series A Cumulative Redeemable Preferred stock to be paid on September 15, 2006 to shareholders of record on September 1, 2006.