what is cumulative preference share
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what is cumulative preference share
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Answer:
Cumulative preference shares give the shareholder a right to dividends that may have been missed in the past. ... Companies may pay reduced dividends, or even halt paying dividends for some time, and when it resumes, then cumulative preferred shareholders must receive all dividends in arrears.
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Explanation:
Cumulative preference shares give the shareholder a right to dividends that may have been missed in the past. ... Companies may pay reduced dividends, or even halt paying dividends for some time, and when it resumes, then cumulative preferred shareholders must receive all dividends in arrears.
Cumulative preferred stock is a type of preferred stock with a provision that stipulates that if any dividend payments have been missed in the past, the dividends owed must be paid out to cumulative preferred shareholders first. ... Cumulative preferred stock is also called cumulative preferred shares.