Cumulative preferred stock

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Cumulative preferred stock is stock that entitles its holders to any undeclared dividends that have accumulated before common stockholders receive their dividends.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Cumulative preferred stock. Stock that entitles its holders to any undeclared dividends that have accumulated before common stockholders receive their dividends.

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