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Business
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| Number of pages / Number of words: |
10 / 2673 |
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Preference shares are usually cumulative and this means that if this year's dividend wasn't paid, then it will be carried forward to next year. So that if the 5% for 2004 was missed, then preference shareholders will receive 10% in 2005 (assuming the zafer plc is in a position to pay the dividend!). The preference shareholder is only entitled to receive a dividend out of available profits out of which the dividend is declared payable...
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So that if the 5% for 2004 was missed, then preference shareholders will receive 10% in 2005 (assuming the zafer plc is in a position to pay the dividend!). The preference shareholder is only entitled to receive a dividend out of available profits out of which the dividend is declared payable. The power to declare preference dividends is usually given to the directors...
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