Preferred Stock

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Related to Preference stock: preference shares, cumulative preference shares

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 ?
All shares of the company's Series D preference stock will be held and redeemed held through The Depository Trust Company.
All shares of the Series A preference stock are held through The Depository Trust Company and the shares will be redeemed under its procedures, added the company.
According to the company, the holders of its cumulative preferred stock and preference stock (Cumulative) will be entitled to receive only the respective redemption prices (including accrued and accumulated dividends through 15 October 2013, the redemption date), without interest, in respect of their shares.
484375 per share on the newly issued Series F preference stock, payable on September 15, 2012, to the shareholder of record on September 14, 2012.
On and after the redemption date, 750,000 shares of the total 4 million shares of Series A Preference Stock shall be deemed no longer to be outstanding, dividends on the Series A Preference Stock shall cease to accrue, and all rights with respect to the 750,000 shares called for redemption will thereafter cease and terminate at the close of business on the redemption date, except only the right of the holders to receive the redemption price, but without interest, upon surrender of their shares.
The company disclosed that it decided to delist these stock due to the low number of outstanding shares, low daily trading volume, listing fees and compliance administration costs, adding that, presently only of 23,928 shares of preference stock remain outstanding, which is below the minimum number of shares specified by Section 802.
The Volkswagen preference stock was sold to unnamed institutional investors at a price of EUR158.
1575 per share on the Series A preference stock is payable on 30 April 2013, to shareholders of record on 5 April 2013.
The redemption price will be USD100 per share of Series B and C preference stock, plus accrued and unpaid dividends to the redemption date.
4625 per share on the recently issued Series D preference stock, payable on June 1, 2011, to shareholders of record on May 9, 2011.
625 per share on the Series D preference stock, will be payable on 1 March 2013, to shareholders of record on 5 February 2013.
1Effective May 1, 2010, the dividend rate for the Series A preference stock is reset quarterly.