The preferred shares of a corporation typically carry the priority right to the distribution of dividends and the proceeds on dissolution.

Name: The preferred shares of a corporation typically carry the priority right to the distribution of dividends and the proceeds on dissolution.
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Preferred shares often have priority over common shares when it comes to dividend payments and the distribution of assets upon the dissolution of the corporation, ensuring their holders get paid first.

The Preferred Shares of a Corporation Typically Carry the Priority