A protective feature on a preferred stock that requires preferred dividends previously not paid to be disbursed
Fantastic news! We've Found the answer you've been seeking!
Question:
A protective feature on a preferred stock that requires preferred dividends previously not paid to be disbursed before any common stock dividends can be paid is called _____.?
Select one:
a. voting rights
b. preemptive right
c. cumulative dividends
d. sinking fund
e. par value
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date: