Kim Inc. recently noted that its 4% preference shares and 4% participating preference shares are both cumulative and have priority as to dividends up to 4% of their par value. Its participating preference shares participate equally with the ordinary shares in any dividends in excess of 4%. 

What is meant by the term participating? Cumulative?

Answer rating: 100% (QA)

A share is a unit of capital The capital of a limited company is divided into shares We have the com... View the full answer