NOUN
- stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
How To Use preferred stock In A Sentence
- In Brief Reports Citi Stake In a Securities and Exchange Commission filing, the Government of Singapore Investment Corp. reported a passive 5.3% stake in Citigroup Inc., or a beneficial stake of 303.8 million shares, including 261 million shares into which 137,600 shares of 7% noncumulative convertible preferred stock may be converted. Singapore Fund
- After Fifth Third Bancorp repurchased the $3.4 billion in preferred stock from Treasury last week, total repayments and other income from banks that received bailout funds reached $243 billion, approaching the $245 billion that was disbursed to banks. U.S. to Sell Warrants in Wintrust Financial
- On July 20, 1999 Verio completed the private placement of $ 360 million of convertible preferred stock.
- Preferred stock is often convertible into common stock at a specified exchange rate, or conversion ratio, of common for preferred.
- Fannie and Freddie's response to their capital crises was to issue a ton of new "noncumulative preferred stock" -- a somewhat arcane security that, along with common stock, qualifies as "core" capital. How Fannie And Freddie Unloaded Their Trash
- That preferred stock allowed Northwest block Continental from merging with another carrier.
- The Company has outstanding $10.0 million on its line of credit and can draw $18 million on its authorized but unissued preferred stock commitment to meet future acquisitions.
- For all of 2010, Goldman's profit after preferred stock dividends fell to $7.71 billion, or $13.18 per share, from $12.19 billion, or $22.13. Net revenue fell to $39.16 billion from $45.17 billion.
- Indeed, payment of dividends could begin as early as next year, with holders of preferred stock receiving the first dividend payments.
- Participating preferred stock entitles the holder to receive extra dividends when earnings permit.
