The cumulativepreferred stocks are the preferred stocks that all previously unpaid preferred stock dividends must be paid before any dividends may be paid on the common stock.
—累积优先股是这样一种优先股,所有以前未支付的优先股股利必须在普通股股利支付之前支付。
2
The cumulativepreferred stocks are the preferred stocks that all previously unpaid preferred stock dividends must be paid before any dividends may be paid on the common stock.
累积优先股是这样一种优先股,所有以前未支出的优先股股利必需在通俗股股利支出之前支出。
3
Depending upon whether the preferredstock is cumulative or non-cumulative (discussed in M2T1), even preferred shareholders may not be sure of receiving dividend payments on a regular basis.