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LSDefine

Simple English definitions for legal terms

noncumulative dividend

Read a random definition: imputed negligence

A quick definition of noncumulative dividend:

A noncumulative dividend is a part of a company's earnings or profits that is distributed to its shareholders. This can be in the form of cash or additional shares. Unlike a cumulative dividend, if a noncumulative dividend is not paid in a particular year or period, it does not accrue for the benefit of a preferred shareholder. This means that if a dividend is not paid in a specific year, the shareholder will not receive it in the future.

A more thorough explanation:

A noncumulative dividend is a portion of a company's earnings or profits distributed pro rata to its shareholders, usually in the form of cash or additional shares. Unlike a cumulative dividend, a noncumulative dividend does not accrue for the benefit of a preferred shareholder if there is a passed dividend in a particular year or period.

For example, if a company declares a noncumulative dividend of $1 per share and fails to pay it in a particular year, the shareholders will not receive the missed dividend in the future. The dividend is not cumulative and does not carry over to the next year or period.

Noncumulative dividends are common for common stock, while cumulative dividends are more common for preferred stock. This is because preferred shareholders expect a fixed dividend payment and are willing to forgo the possibility of higher dividends in the future.

noncumulative approach | noncumulative preferred stock

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16:34
got waitlisted by rutgers and i think penn state too with that email :((((
i wouldn't take that email as a waitlist!!! i'd take it more as "we are gonna be slow"
i know someone who didn't get an acceptance notice until the fucking day before orientation like what
16:38
stay positive mr fingers!
mrphalanges
16:38
thank you!!
mrphalanges
16:38
hope that yall get into your schools!!
you too!!:)
oh to be the kid with a 3.9 and a 170+
DefinitelyRobbingBanks
16:41
Kinda wish I applied to Penn State.
MrThickRopes
16:41
Ima crash tf outtt
DefinitelyRobbingBanks
16:41
basically the same rank as UNLV, but a little closer to the Delaware market.
DefinitelyRobbingBanks
16:41
Penn State is dummy friendly with the Money too
mrphalanges
16:41
got deferred at villanova too which is my top school so april is kind of kicking my assssss
16:45
Awh, sorry. Hopefully you get off waitlist! you can also always try again next year
llama
16:58
Apply to 'Bama with me and Ropes!
llama
16:59
Im feeling bad about myself today, O well I bet ordering McDelivery some snackers will help! Chat what do I order?
17:01
nothing. get something healthier
llama
17:02
I get one cheat meal a day and Im not tryna eat rabbit food for dinner. C'mon
17:07
apple pie
Denny
17:11
nothing you idiots dr dres day
Denny
17:11
dead
17:13
he's locked in my basement
17:13
no cap
17:17
@llama: Get the spicy mchicken meal deal, get the free upgrade to a large soda and get a free deal fry or redeem an item. Crazy value for $5
llama
17:22
@syddak: Thanks G! Will do.
17:25
Must consoom!
17:28
don't forget the free large drink upgrade 😎
Denny
17:41
One mcchicken is not enough i need at least 4 of em
17:42
rutgers said no omgggg i'm so mad
17:45
it's ok they got a lot of apps
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