Dividend on preference shares
This query is : Resolved
13 January 2012
Please Help
If the company makes profit, can the dividend on cumulative preference shares be cumulated and paid at a later stage?????
If the company makes profit, can the dividend on cumulative preference shares be cumulated and paid at a later stage?????
13 January 2012
There are two types of preference shares
1. Cumulative
2. Non Cumulative
In case of non cumulative preference shares dividend is to be paid in case of profit making year only.
In case of cumulative preference shares, dividend cumulates and in case there is no profit at any year, in the year of profit such loss making year dividend is also to be paid.
1. Cumulative
2. Non Cumulative
In case of non cumulative preference shares dividend is to be paid in case of profit making year only.
In case of cumulative preference shares, dividend cumulates and in case there is no profit at any year, in the year of profit such loss making year dividend is also to be paid.
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