Noncumulative Preferred Stock in United States

Practical Information

Note: Some of this information was last updated in 1982

A class of stock characterized by the fact that unpaid dividends do not accumulate as arrearages, which must be eliminated before dividends may be paid on common stock (in U.S. law). See also cumulative preferred stock (in U.S. law); preferred stock (in U.S. law); dividend (in U.S. law).

(Revised by Ann De Vries)

What is Noncumulative Preferred Stock?

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