Preferred Stock

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Related to Preference Share Capital: ordinary shares, cumulative preference shares
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Old Mutual also has a stake in NMT Capital, and Moyo is a founder and non-executive director.Old Mutual said: "These dividends were declared in breach of Old Mutual's rights as preference shareholder, since arrear preference dividends were unpaid at the time and, at the time of the second dividend declaration, the preference share capital was redeemable."The preference share capital remains unpaid.
The company said "as per the provisions of the Companies Act 1956, the preference share capital held by Reliance Telecom in Swan Telecom is not to be included for purposes of determining shareholding levels."