Noun
stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Source: WordNetAviva has abandoned plans to cancel its preference shares. Source: Internet
The New Preference Shares will be perpetual in nature, carry an 8.00% annual cumulative cash dividend, and will be callable by SiriusPoint on each fifth anniversary of the closing of the Merger or upon certain other events. Source: Internet
Investors were relieved to hear on Wednesday that Lloyds Bank had no plans to cancel its "irredeemable" preference shares at par, but those invested in the market want to clarify their position under UK law. Source: Internet
The effect of this is that BEL can now sell 10 million dollars worth of preference shares at 5% to Social Security. Source: Internet
The dividends have been accumulating since 2014 when preference shares were issued and the company did not have capacity to meet the semi-annual preference dividend obligations. Source: Internet
First listed in August 1961, the shares were issued at a price of DM 350 per DM 100 share, Volkswagen AG shares are now separated into two different types or classes: ' ordinary shares ' and ' preference shares '. Source: Internet