Cumulative Dividend Law and Legal Definition
Cumulative dividend is a dividend on preferred shares that must be paid in full before common shareholders may receive any dividend. Cumulative dividend accumulates under contract, charter, or bylaw provision if not paid in the period when due. Cumulative dividends are passed because of want of the requisite net earnings to permit the payment of a dividend.
Legal Definition list
- Cumberland Road
- Cum Testamento Annexo
- Cum Quod Ago Non Valet Ut Ago, Valeat Quantum Valere Potest
- Cum Confitente Sponte Mitius Est Agendum
- Cum Certum Est An Et Quantum Debeatur
- Cumulative Dividend
- Cumulative Earned Premium [Federal Crop Insurance Corporation]
- Cumulative Effect
- Cumulative Error
- Cumulative Error Analysis
- Cumulative Fatigue
