Common Stock

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Common Stock

 

shares of stock that convey the right to receive income in the form of dividends. Dividends vary with the amount of profit a stock company has earned. There is also preferred stock, which generates income according to a preset fixed percentage that does not vary with any increase or decrease in profits. The big capitalists who establish joint-stock companies usually retain the preferred stock and sell the common stock to the ordinary stockholders.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The shares were held within John Folkes' - James and Constantine's now deceased father - will trust fund and their transfer means Constantine Folkes, his wife Angela and his son Samson, now directly control 66 per cent of the voting shares and five per cent of the non-voting.
* 22,727,272 variable voting shares of Jetlines representing approximately 21.2% of Jetlines' total common shares and variable voting shares issued and outstanding (assuming conversion of all Subscription Receipts); and
The estate's position was that the class A voting shares should have the same value as the class B nonvoting shares.
Pursuant to the terms of the Combination Agreement, ABS will create a new class of proportionate voting shares (the "Proportionate Voting Shares") and alter the identifying name of its common shares to be subordinate voting shares (the "Subordinate Voting Shares").
The carrier is now authorised to purchase up to 6,914,330 common voting shares and variable voting shares.
Ruling that common sense dictated that the voting shares' "inherent potential for influence and control of the [Simplot] company" made them "far more valuable" than the nonvoting shares, the Tax Court adopted the percentage of the company's value method.
It added: 'Based on this construction, the Folkes family has at all times since the Articles were amended on May 20 1999 held more than 40 per cent of the issued voting share capital of Folkes Group and, accordingly, the conditions requiring enfranchisement of the nonvoting shares have not been met.
ACE Aviation Holdings Inc (TSX:ACE.A), a Canadian holding company with various aviation interests including Air Canada, reported yesterday that it has completed the sale of 44m Class B voting shares of Air Canada in a secondary offering on a bought deal basis.
The conversion price per subordinate voting share is CDN0.05 for up to one year following closing and is CDN0.10 per subordinate voting share after such date in the event the Investor elects to extend the term.