Preferred dividend

{
  "id": "MLC-T-LAW-003844",
  "term": "Preferred dividend",
  "field": "Law",
  "definition": "A distribution of a company's earnings paid to holders of preferred stock, which has priority over dividends paid to common stockholders. These payments are a fixed amount, stated either as a percentage of the stock's par value or as a specific dollar figure per share. If a company issues cumulative preferred stock, any missed dividend payments, known as dividends in arrears, must be paid out before common stockholders receive any dividends.",
  "url": "https://mlchart.com/terminology/law/preferred-dividend/"
}