OCR Text |
Show ou Preferred Stock-Preferred Stock-Preferred Btock Is stock that Is preferred, pre-ferred, that Is to say has a prior claim, as to dividends and assets; It must recelvo a dividend before a dividend divi-dend can bo paid on the common stock, and In a distribution of assets it participates ahead of tho common Btock. Cumulative preferred stock 1b Btock tho dividends on which, If not paid regularly or n full, accumulate and must bo paid In tho futuro beforo a dividend can be paid on tho common stock. Preference stock Is somotlmes dlvldod into classes as first preference, second preference, etc., with rights to dividends, or assets in the event of a distribution of ascsts, in tho order named. |