Which legal claim comes with the most preferential treatment in the payment of dividends?

Question

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Preferred stock usually comes with a higher priority in the payment of dividends compared to common stock and bonds. Some preferred stocks may also have a cumulative dividend feature, which means that if the company skips paying a dividend in one year, it will accumulate and must be paid before any dividends can be paid to common stockholders. Reinvestment is not a legal claim and does not affect dividend payments.

Which Legal Claim Comes with the Most Preferential Treatment in the Payment