non-cumulative dividend

Once a preferred dividend is passed in a particular period, the right to that dividend has passed though the preferred stockholder is entitled to his dividend in the next period before the common stockholders receive their dividend

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Non-cumulative preferred stock — Preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: Cumulative preferred stock …   Financial and business terms

  • non-cumulative preferred stock — preferred stock whose holders must forgo dividend payments when the company misses a dividend payment. Related: cumulative preferred stock. Bloomberg Financial Dictionary …   Financial and business terms

  • dividend — The distribution of current or accumulated earnings to the shareholders of a corporation pro rata based on the number of shares owned. Dividends are usually issued in cash. However, they may be issued in the form of stock or property. The… …   Black's law dictionary

  • dividend — The distribution of current or accumulated earnings to the shareholders of a corporation pro rata based on the number of shares owned. Dividends are usually issued in cash. However, they may be issued in the form of stock or property. The… …   Black's law dictionary

  • dividend — A gain or profit. Hellmich v Hellman (CA8 Me) 18 F2d 239. A division into shares; one of such shares. A payment made by a corporation to its stockholders out of surplus earnings and under authority of a resolution by the board of directors which… …   Ballentine's law dictionary

  • Cumulative preferred stock — Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: non cumulative preferred stock. The New York Times Financial Glossary * * * cumulative preferred stock cumulative preferred stock ➔ stock1 * * * …   Financial and business terms

  • cumulative preferred stock — preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: non cumulative preferred stock. Bloomberg Financial Dictionary * * * cumulative preferred stock cumulative preferred stock ➔ stock1 * * *    A… …   Financial and business terms

  • Accumulated Dividend — A dividend on a share of cumulative preferred stock that has not yet been paid to the shareholder. Accumulated dividends are the result of dividends that are carried forward from previous periods and shareholders of cumulative preferred stock… …   Investment dictionary

  • stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… …   Black's law dictionary

  • Preferred stock — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

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