Noncumulative preferred stock

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Related to non-cumulative: cumulative preferred, Accumulated Dividends

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 ?
625 percent series G non-cumulative preferred stock; a dividend of USD398.
It declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $11.
625 Percent Non-Cumulative Preferred Stock, Series G - $414.
77 per share of Floating Rate Non-Cumulative Preferred Stock, Series A; USD387.
375 percent Non-Cumulative Convertible Series 2004-1 Preferred Stock has a stated value and liquidation preference of $100,000 per share and is convertible by holders into shares of Fannie Mae common stock at a conversion price of $94.
78 per share of Perpetual Non-Cumulative Preferred Stock, Series E, and a dividend of $977.
20% fixed rate non-cumulative perpetual preferred stock, series F, each depositary share representing a 1/40th interest in a share of series F stock; of USD13.
325000 per depository share) on the company's series F non-cumulative perpetual preferred stock (NYSE: BBT PrF); USD325.
204 percent Non-Cumulative Preferred Stock, Series D, is payable on March 14, 2013 to shareholders of record as of February 28, 2013.
45 percent series P non-cumulative preferred stock; a distribution of USD167.

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