Which of the Following Best Describes Non-Participating Preferred Shares

Which of the following best describes non-participating preferred shares?

A) Preferred shareholders are not entitled to vote.
B) Preferred dividends for the year are limited to a specific amount or rate.
C) Preferred shareholders are not entitled to a prior year's dividend once that year has passed.
D) Preferred shareholders may receive dividends in excess of a specific rate if common shareholders have received their share of all dividends declared.