If a preferred stock is in arrearage, what does that imply about the dividend payment?
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Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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The payment of preferred stock dividends is not a legal obligation of the firm but there ...View the full answer
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