preference stock


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Related to preference stock: preference shares, cumulative preference shares

Preference stock

A security that ranks junior to preferred stock but senior to common stock in the right to receive payments from the firm; essentially junior preferred stock.

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 stock

References in periodicals archive ?
On or before the redemption date of 31 March 2016, the company said it will deposit in escrow for the benefit of the holders the funds necessary for the redemption of the Series D preference stock, including accrued and unpaid dividends.
On or before the redemption date, the company will deposit in escrow for the benefit of the holders the funds necessary for the redemption of the Series A preference stock, including accrued and unpaid dividends.
The delisting of the preference stock will effective on or about 22 April 2013 and the company will not re-list these on another securities exchange, but expects them to be quoted on one or more over-the-counter markets.
625 per share on the company's Series D preference stock is payable on 1 June 2013, to shareholders of record on 3 May 2013.
SCE is planning to redeem the shares of preference stock using the proceeds of a recent offering of lower-rate preference securities.
32% series and series B preference stock will be paid on 31 March 2013, to shareholders of record on 5 March 2013.
Electric utility Southern California Edison, an Edison International (NYSE:EIX) company, reported on Thursday that its board of directors has approved various quarterly dividends on its preferred stock and preference stock.
M2 EQUITYBITES-August 30, 2012-Baltimore Gas and Electric's board approves preference stock dividends for quarter(C)2012 M2 COMMUNICATIONS http://www.
Electric utility company and subsidiary of Edison International (NYSE:EIX), Southern California Edison disclosed on Thursday its intention to redeem 750,000 of the 4m outstanding series A preference stock.
425 per share on its preference stock (cumulative) USD1.
625 per share was declared on the Series D preference stock, payable on 1 December 2011 to shareholders of record as of 4 November 2011.
390625 per depositary share) on its preference stock.