Preferred Dividend
A dividend that is accrued and paid on a company's preferred shares. In the event that a company is unable to pay all dividends, claims to preferred dividends take precedence over claims to dividends that are paid on common shares. Investopedia Says:
Preferred stock will typically pay much higher dividend rates than common stock of the same company. This is the main benefit of owning preferred shares. Related Terms:
Common Stock
Dividend
Preferred Stock
Senior Security
Subordinated Debt |