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 ?
A quarter of a billion iPhones have been shipped cumulatively worldwide in the first five years since launch and Apple reaches its fifth birthday at the top of its game.
Weiss' plan would also have required that GCP expenditures that cumulatively exceed $5,000 annually to a particular group be subjected to more rigorous scrutiny.
But cumulatively the HPD-run program raise the number one questions.
The production order combined with its associated development contract represents approximately $500K cumulatively from this OEM customer, a Fortune 500 company.
But community activists charge that the reconfiguration and other small changes at the landfill were quietly approved by the city and ``have been cumulatively devastating'' to the neighborhood.
The offer has been unanimously recommended by the Board of Huntleigh who, together with the principal owner of Huntleigh, the Schild family, and certain other shareholders cumulatively representing 46.
The Abu Dhabi Securities Exchange (ADX) general index rose fractionally yesterday led by gains in banking shares amid abysmally low value of share transactions which cumulatively was worth less than Dh55 million.
Unions, business groups and other political interests independently spent about $950,000 in support of or opposition to candidates - about three times what they spent cumulatively in council primaries during the past decade.
Cumulatively, the Amalfi Research team has amassed more than 30 years of experience across a wide variety of business areas including strategic market analysis and securities trading, corporate research, technology consulting, and direct mail/internet marketing.
The Abu Dhabi Securities Exchange (ADX) general index fell marginally on Monday as investors booked profits amid low volume of share trading, which was cumulatively worth less than Dh60 million.
Cumulatively, Los Angeles, Ventura, Orange, Riverside and San Bernardino counties showed an increase of 20 business expansions, from 370 in 2000 to 390 last year, according to the Los Angeles Economic Development Corp.
And it loses some of its cumulatively mordant atmosphere when pared down this way.