Preferred Stock

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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.
Risk of unwanted M&A activity is minimized for companies with dual class share structures with supervoting rights.
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.
CDC Corporation will continue to hold supervoting Class B Common Shares of CDC Software which will have twenty votes per share.
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.