Preferred Stock

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Related to Supervoting: supervoting stock

Preferred Stock

 

a stock that pays a fixed return, as opposed to common stock, for which the dividend varies according to the profits of the joint-stock company.

References in periodicals archive ?
To achieve this, the foreign parent creates a special class of voting shares (usually supervoting preferred shares), all of which are held by a trustee pursuant to a voting trust agreement.
The Sulzberger family holds supervoting stock allowing them to elect nine of the New York Times' 13 directors.
Thus, one can deviate from the one-share, one-vote default setting by issuing supervoting shares or shares with no voting rights.
Christopher Bancroft, a Dow Jones board member who owns an investment firm in Texas and has 19 per cent of the company's supervoting stock.