What is PREFERRED DIVIDEND?

One paid on the preferred stock of a corporation; a dividend paid to one classof shareholders in priority to that paid to another. Chaffee v. Railroad Co., 55 Vt 129;Taft v. Railroad Co., 8 R. I. 310, 5 Am. Rep. 575.

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Related Legal Terms

PREFERRED DIVIDEND, ADJUSTABLE RATE PREFERRED STOCK, DIVIDEND IN ARREARS, CUMULATIVE PREFERRED STOCK, SECOND PREFERRED STOCK, DIVIDEND, DUTCH AUCTION PREFERRED STOCK, PARTICIPATING DIVIDEND, QUALIFIED DIVIDEND, DIVIDEND YIELD


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