When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and cu

Question

d1i1m1o1n [39]

2 years ago

8

When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and cu

rrent dividends are paid to the preferred shareholders, the preferred stock is:

Business

1 answer:

Lady_Fox [76] · Answer 1 · 2022-05-23T21:36:37+03:00

Lady_Fox [76]2 years ago

4 0

Answer:

cumulative.

Explanation:

Cumulative preferred stock is defined as a type of stock that states that if any dividend payments have been missed the first payment of the owed dividends must be done to cumulative preferred shareholders in first instance

When a dividend is not declared on preferred stock, and the common share­holders cannot receive a dividend until all past and cu

When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and cu