BNET Business Dictionary

Business Definition for: Preferred Stock

  • stock that entitles the owner to preference in the distribution of dividends and the proceeds of liquidation in the event of bankruptcy.
  • U.K. term Preference Shares

Additional Resources

JPMorgan Chase & Co. Redeems Adjustable Rate Cumulative Preferred Stock, Series A, Adjustable Rate Cumulative Preferred Stock, Series L, Adjustable Rate Cumulative Preferred Stock, Series N
NEW YORK -- JPMorgan Chase & Co. (NYSE: JPM) today announced that it will redeem on December 31, 2004, all outstanding shares of the following series of its Adjustable Rate Cumulative Preferred Stock: Adjustable Rate Cumulative Preferred Stock, Series A, Adjustable Rate Cumulative Preferred Stock, Series L and Adjustable Rate...
Tags: J.P. Morgan Chase & Co., stock
Research articles 2004-11-30
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock")...
Tags: dividend, Doral Financial Corp., Preferred Stock
Research articles 2008-02-05
Chase Declares Preferred Stock Dividends
NEW YORK--BUSINESS WIRE--Nov. 18, 1997--The Chase Manhattan Corp. today declared a quarterly dividend on the outstanding shares of each of the corporation's preferred stock issues:-Adjustable Rate Cumulative Preferred Stock Series L--$1.39650 per share-Adjustable Rate Cumulative Preferred Stock Series N--$0.35328125 per share- 10.96% Preferred Stock -- $0.6850 per share - 10.84%...
Tags: Business Wire, dividend, FINANCE
Research articles 1997-11-18
Andrew Corporation Intends to Convert Outstanding Series 7.75% Convertible Preferred Stock
ORLAND PARK, Ill. -- Andrew Corporation has announced its intention to exercise its right to cause the conversion of all the outstanding Series 7.75% Convertible Preferred Stock ("Preferred Stock") into shares of Andrew Common Stock ("Common Stock"). The company has 119,114 shares of Preferred Stock outstanding. The current conversion ratio...
Tags: Andrew Corp., Common Stock, convertible preferred stock, Preferred Stock, stock
Research articles 2005-02-22
Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, announced that, today, October 1, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...
Tags: Doral Financial Corp.
Research articles 2007-10-01
Rural Cellular Corporation Makes Announcement Regarding Quarterly Preferred Stock Dividends
ALEXANDRIA, Minn. -- Rural Cellular Corporation (Nasdaq:RCCC) announced that the quarterly dividends on its 12 1/4% Junior Exchangeable Preferred Stock ("Junior Exchangeable Preferred Stock") will be paid on August 15, 2004, to holders of record on August 1, 2004. The Junior Exchangeable Preferred Stock dividend will be paid in shares...
Tags: Rural Cellular Corp.
Research articles 2004-07-16
Rural Cellular Corporation Makes Announcement Regarding Quarterly Preferred Stock Dividends
ALEXANDRIA, Minn. -- Rural Cellular Corporation (NASDAQ:RCCC) announced that the quarterly dividends on its 12 1/4% Junior Exchangeable Preferred Stock ("Junior Exchangeable Preferred Stock") will be paid on February 15, 2005, to holders of record on February 1, 2005. The Junior Exchangeable Preferred Stock dividend will be paid in shares...
Tags: Rural Cellular Corp., stock
Research articles 2005-01-14
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that, on January 31, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred...
Tags: dividend, Doral Financial Corp., Preferred Stock
Research articles 2007-01-31
Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that, on April 30, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred...
Tags: dividend, Doral Financial Corp., Preferred Stock
Research articles 2007-05-02
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, announced that, today, August 31, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...
Tags: dividend, Doral Financial Corp., Preferred Stock
Research articles 2007-08-31
Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL), a diversified financial services company, announced today that on November 30, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock,...
Tags: Doral Financial Corp., Preferred Stock
Research articles 2007-12-06
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that, on February 28, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred...
Tags: Doral Financial Corp., Preferred Stock
Research articles 2007-03-02
Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that, on December 11, 2006, the Board of Directors approved the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative...
Tags: Doral Financial Corp., Preferred Stock
Research articles 2006-12-14
Doral Financial Corporation Declares Cash Dividend on Three Series of Preferred Stock
SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE: DRL), a diversified financial services company, today announced that, on May 31, 2007, it paid the regular monthly cash dividend on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred...
Tags: Doral Financial Corp., Preferred Stock
Research articles 2007-06-08
Illinois Power Declares Quarterly Preferred Stock Dividends.
DECATUR, Ill., Sep 29, 2000 The board of directors of Illinois Power, a subsidiary of Dynegy Inc. (NYSE: DYN), has by unanimous consent declared the following quarterly preferred stock dividends: -- 4.08% Cumulative Preferred Stock: ...
Tags: Dynegy Inc., Illinois Power Co.
Research articles 2000-10-02
Illinois Power Declares Quarterly Preferred Stock Dividends.
DECATUR, Ill., Jan 02, 2001 The board of directors of Illinois Power, a subsidiary of Dynegy Inc. (NYSE: DYN), has by unanimous consent declared the following quarterly preferred stock dividends: -- 4.08% Cumulative Preferred Stock: ...
Tags: Dynegy Inc., Illinois Power Co.
Research articles 2001-01-02
Glenborough Realty Trust Calls for Redemption of 7 3/4% Series A Convertible Preferred Stock Contingent Upon Merger
SAN MATEO, Calif. -- Glenborough Realty Trust Incorporated ("Glenborough") (NYSE:GLB) called for the redemption of its 73/4% Series A Convertible Preferred Stock (CUSIP #37803P204) (the "Preferred Stock") by the mailing of a Notice of Redemption on October 27, 2006 to the holders of record of the Preferred Stock. Glenborough intends...
Tags: Glenborough Realty Trust Inc.
Research articles 2006-11-09
Range Announces Conversion of Preferred Stock
FORT WORTH, Texas -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that, prior to year-end, it had reached an agreement with the holder of its 5.9% Convertible Preferred Stock to convert the preferred stock into common stock. Under the agreement, the $50 million of preferred stock was converted into 5.9 million...
Tags: dividend, preferred stock
Research articles 2005-01-03
Who's Letting Banks Invest in Fannie and Freddie Preferred Stock?
Thomas Kirchner submits: From Sovereign SOV to JPMorgan JPM banks make headlines with writedowns on their holdings of Fannie’s FNM and Freddie’s FRE preferred stock, but the obvious question of how stock ever got onto banks’ balance sheets is only asked by Felix Salmon - and even he doesn’t...
Tags: Financial, Fannie Mae, Freddie Mac
External links 2008-08-28
JPMorgan Chase Declares Preferred Stock Dividends
Business Editors NEW YORK--BUSINESS WIRE--Nov. 18, 2003 J.P. Morgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on the outstanding shares of each of the following preferred stock issues: -- Adjustable Rate Cumulative Preferred Stock, Series A - $1.25 per share -- Adjustable...
Tags: FINANCE, Investment, J.P. Morgan Chase & Co., stock
Research articles 2003-11-18
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