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 ?
* A quarterly dividend on the Series K preference stock, which would result in a distribution of $0.340625 per security on SCE Trust V's 5.45% Trust Preference Securities, payable on September 15, 2019, to the shareholder of record on September 13, 2019.
BNM itself said in a regulatory statement that FROB would subscribe a EUR730m (USD975m) capital hike in full and covert EUR915m of preference stock into capital.
The energy transportation firm plans to sell to the public 10m pieces of its series N cumulative redeemable preference stock at a price of CAD25 apiece, allowing holders to receive fixed cumulative dividends of CAD1 apiece on a quarterly basis, starting from 1 December 2012.
It will also hold approximately EUR1.837m of 2009 preference stock.
The board of directors of Alabama Power Company declared on Wednesday its regular quarterly dividends on its outstanding preferred stock and preference stock for the quarter ending 30 September 2017.
Klovern will pay for the additional Dios stock mainly with new own preference shares, in a move which its CEO Rutger Arnhult sees to boost the companya[euro](tm)s market capitalisation and to add to its financial strength, he said.The buyer has already entered into the possession of the newly acquired Dios stock and will issue the payment preference stock by 30 September 2012, it said.
The company announced plans to sell USD200m worth of series L preference stock on 11 May.
In addition, the company declared its quarterly cash dividend of USD1.21875 per share on its 4.875% cumulative convertible perpetual preference stock, which is payable on 1 September 2017 to shareholders of record as of 15 August 2017.
Bankia could swap the preference stock for convertible bonds, rather than for new stock, avoiding a capital increase.