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LSDefine

Simple English definitions for legal terms

preferred dividend

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A quick definition of preferred dividend:

Preferred dividend is the money paid to people who own preferred stock. This payment is made before any money is given to people who own common stock. If a company is in trouble and can't pay all its debts, the people who own preferred stock get their money before the people who own common stock.

A more thorough explanation:

Preferred dividend refers to the payment made to the owners of preferred stock. This type of dividend is usually paid out before common stock dividends are issued. In case of bankruptcy, the claims for preferred dividends are given priority over claims for common stock dividends.

Suppose a company has issued both preferred and common stocks. The preferred stockholders are entitled to receive a fixed dividend of $2 per share, while the common stockholders receive a dividend of $1 per share. If the company earns a profit of $10,000, it will first pay out $2 per share to the preferred stockholders, which amounts to $2,000 in total. The remaining $8,000 will be distributed among the common stockholders.

This example illustrates how preferred dividends are paid out before common stock dividends. The preferred stockholders receive their fixed dividend first, and only then do the common stockholders receive their dividend.

preference | Preferred stock

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gonna get a virtual spray bottle
14:04
true that could be it
WorthlessAttractiveZombie
14:04
@Skydog1969: yeah, I am not a California resident so I technically have no reason to be applying there
HopefullyInLawSchool
14:04
im a resident so for me even scarier
14:05
@WorthlessAttractiveZombie: My legal address says I am from NJ but I live in CA.
14:06
I have no business applying based on my stats but its where I went to undergrad
14:07
Has anyone not heard back from any schools and is pushing two months in a couple weeks?
Wait gulc wave would go crazy
1a2b3c4d26z
14:15
I love that someone went through the effort of making that post
1a2b3c4d26z
14:17
Nvm their previous posts are hilarious
HopefullyInLawSchool
14:18
Ya this guy is really funny and smart like omg hes just the best
WorthlessAttractiveZombie
14:19
I wonder if they go to the university of YM
HopefullyInLawSchool
14:19
His Irl name is Joe M.
WorthlessAttractiveZombie
14:20
Davis needs to stop playing
HopefullyInLawSchool
14:21
I got two A's today, but my hunger is never ending
14:21
give me UC Davis
babycat
14:22
just straight up evil
hey all good morning
are we expecting any waves today?
HopefullyInLawSchool
14:24
Maybe Pepperdine
HopefullyInLawSchool
14:24
But I think more will arrive tomorrow
babycat
14:24
no one wants to talk about how GULC’s accommodations office is evil with me?
babycat
14:25
GULC to a pregnant 2L who requested final exam accommodations for the week she is expected to give birth: "Motherhood is not for the Faint of Heart."
babycat
14:25
can you imagine
14:25
that's insane
I think it's ridiculous sometimes how schools want to act like we're adults but then won't treat us like them sometimes.
It's like you either want to let us all sit at the adult table or just leave as at the kiddy table.
HopefullyInLawSchool
14:26
Universities are filled with old incompetent people that dont understand really basic human shit
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