Which of the following is preferred stock that provides for the payment of previously passed preferred dividends before dividends may be paid on common stock?

Question

Quizplus · Accepted Answer

Cumulative preferred stock is designed to ensure that if any dividends are missed (passed), they must be paid out to cumulative preferred stockholders before any dividends can be paid to common stockholders. This feature protects the dividends of preferred stockholders.

Which of the Following Is Preferred Stock That Provides for the Payment