noncumulative

Noncumulative

Applies mainly to convertible securities. Type of preferred stock on which unpaid or Omitted dividends do not accrue. Omitted dividends are, as a rule, gone forever.

Noncumulative Preferred Stock

Preferred stock for which the publicly-traded company does not need to pay all dividends. If a company misses a dividend payment for any reason, it no longer owes the dividend to noncumulative preferred stockholders. That is, all dividends that were "skipped" are treated as if they never existed. Noncumulative preferred stocks are rare because they are unattractive to preferred stock investors.

noncumulative

Of or relating to a relatively unusual kind of preferred stock on which missed dividends do not have to be made up. Compare cumulative.

单词	noncumulative
释义	noncumulative noncumulative (ˌnɒnˈkjuːmjʊlətɪv) adj (Banking & Finance) finance (of stock) not accruing unpaid dividends noncumulative Noncumulative Applies mainly to convertible securities. Type of preferred stock on which unpaid or Omitted dividends do not accrue. Omitted dividends are, as a rule, gone forever. Noncumulative Preferred Stock Preferred stock for which the publicly-traded company does not need to pay all dividends. If a company misses a dividend payment for any reason, it no longer owes the dividend to noncumulative preferred stockholders. That is, all dividends that were "skipped" are treated as if they never existed. Noncumulative preferred stocks are rare because they are unattractive to preferred stock investors. noncumulative Of or relating to a relatively unusual kind of preferred stock on which missed dividends do not have to be made up. Compare cumulative.
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