cumulative dividend

cumulative dividend

A dividend that grows from year to year when not paid.

? A cumulative dividend is usu. on preferred shares, and it must be paid in full before common shareholders may receive any dividend. If the corporation does not pay a dividend in a particular year or period, it is carried over to the next year or period and must be paid before the common shareholders receive any payment.

¡ª Also termed accumulative dividend. Cf. noncumulative dividend. [Cases: Corporations 68, 156. C.J.S. Corporations ¡ì¡ì 158, 177, 180¨C183.]


How do bilingual lawyers in China usually translate the term cumulative dividend?
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