Culmulative Preferred Stock | Definition | What is it?

Cumulative Preferred Stock

Cumulative Preferred Stock | Definition

(1) Preferred stock whose dividends accrue, should the issuer not make timely dividend payments.

(2) Preferred stock having a provision that if one or more dividends are omitted on the preferred, the omitted dividends must be paid before any dividends may be paid on the common stock.

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