preferred stock whose dividends accumulate until paid
A preferred stock with a provision that if one or more of its dividends accumulate and are not paid, the unpaid dividends accumulate and must be paid before any dividends may be paid on the company's common shares.
A stock having a provision that if one or more dividends are omitted, the omitted dividends must be paid before dividends may be paid on the company's common stock.
A preferred stock feature that entitles the holder to the later payment of dividends that were not paid when due. The dividends are, in this sense, "cumulative." The dividends accumulate and must be paid (along with present dividends) before common stockholders may receive any dividends.
A preferred stock that has a provision that unpaid dividends accumulate and must be paid before any dividends are paid on the company's common shares
Preferred stock having a provision stating that omitted dividends (arrearages) must be paid before any other future dividends.
preferred stock which has a provision that if one or more of its dividends are omitted, these unpaid dividends accumulate and must be paid before any dividends may be paid on the company's common shares.