cumulative dividends

Dividends on preferred stock which accumulate under contract, charter, or bylaw provision, where a dividend or dividends are passed because of want of the requisite net earnings to permit the payment of a dividend, and which must be paid before any dividend whatever for any later year is paid to common stockholders or to preferred stockholders of a class not entitled to cumulation of dividends. See 19 Am J2d Corp § 878 et seq.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • cumulative dividend — see dividend Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cumulative dividend …   Law dictionary

  • cumulative stock — cumulative stock, stock bearing cumulative dividends that increase or grow by successive additions …   Useful english dictionary

  • cumulative — [kyo͞o′myə lə tiv΄; ] occas. [, kyo͞o′myəlāt΄iv] adj. [see CUMULATE] 1. increasing in effect, size, quantity, etc. by successive additions; accumulated [cumulative interest] 2. taking successive additions into account [a cumulative average] 3.… …   English World dictionary

  • cumulative dividend — cumulative dividend, a dividend that must be added to future dividends if it is not paid when due …   Useful english dictionary

  • cumulative preference share — A type of preference share that entitles the owner to receive any dividends not paid in previous years. Companies are not obliged to pay dividends on preference shares if there are insufficient earnings in any particular year. Cumulative… …   Accounting dictionary

  • cumulative preference share — A type of preference share that entitles the owner to receive any dividends not paid in previous years. Companies are not obliged to pay dividends on preference shares if there are insufficient earnings in any particular year. Cumulative… …   Big dictionary of business and management

  • Cumulative Return — The aggregate amount that an investment has gained or lost over time, independent of the period of time involved. Presented as a percentage, the cumulative return is the raw mathematical return of the following calculation: Investors are more… …   Investment dictionary

  • Cumulative Preferred Stock — A type of preferred stock with a provision that stipulates that if any dividends have been omitted in the past, they must be paid out to preferred shareholders first, before common shareholders can receive dividends. A preferred stock will… …   Investment dictionary

  • Cumulative preferred stock — Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: non cumulative preferred stock. The New York Times Financial Glossary * * * cumulative preferred stock cumulative preferred stock ➔ stock1 * * * …   Financial and business terms

  • cumulative preferred stock — preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: non cumulative preferred stock. Bloomberg Financial Dictionary * * * cumulative preferred stock cumulative preferred stock ➔ stock1 * * *    A… …   Financial and business terms

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