Common Stock

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Common Stock

Evidence of participation in the ownership of a corporation that takes the form of printed certificates.

Each share of common stock constitutes a contract between the shareholder and the corporation. The owner of a share of common stock is ordinarily entitled to participate in and to vote at stockholders' meetings. He or she participates in the profits through the receipt of dividends after the payment of dividends on preferred stock. Shares of common stock are the Personal Property of their holder.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

common stock

n. stock in a corporation in which dividends (payouts) are calculated upon a percentage of net profits, with distribution determined by the Board of Directors. Usually holders of common stock have voting rights. These are distinguished from preferred stock in which the profits are a predetermined percentage and are paid before the common shareholders who gamble on higher profits, and collectively have voting control of the corporation. (See: corporation, stock, share, preferred stock)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
After the acquisition, Australis holds 34,873,628 common shares and debentures in the principal amount of USD 1.6m.
SMC, however, will have to file for tax-free ruling relating to the exchange of SMB and GSMI common shares for the new shares.
Record Date Shareholders who fully exercise all Rights initially issued to them in the Primary Subscription will be entitled to buy those common shares that are not purchased by other Record Date Shareholders.
In addition, the company's board proposed a dividend of SEK6.00 per common share with a quarterly payment of SEK1.50 per each common share, as well as a dividend of SEK20.00 per preference share with a quarterly payment of SEK 5.00 per preference share.
In accordance with earlier agreements, the common shares of BTA that have been purchased from the minority shareholders will be equally split between the Bank and Mr.
Te said PNB has also received the approval of the Securities and Exchange Commission on the merger and the corresponding amendment of PNB's Articles of Incorporation reclassifying PNB's authorized preferred shares into common shares and increasing the number of directors to 15 from 11.
128 requires all public companies to disclose basic EPS if they have a simple capital structure with no potential common shares from convertible securities, stock options or warrants.
As a result, BZAM held a total of 9.7m common shares, representing approximately 13.25% of the issued and outstanding common shares (on a non-diluted basis) and 4.85m warrants, which, when aggregated with the common shares, represents "beneficial ownership" (as determined in accordance with National Instrument 62-104 - Take-Over Bids of the Canadian Securities Administrators) of approximately 18.65% of the outstanding common shares.
Net income available to common shareholders was $194.8 million, or $2.62 per diluted common share, for the nine months ended September 30, 2018 compared to $179.6 million, or $2.55 per diluted common share, for the same period in 2017.
Medical device company Neovasc Inc (NASDAQ:NVCN )(TSX:NVCN ) said on Tuesday that it has immediately filed articles of amendment to effect the reverse stock split of its issued and outstanding common shares on the basis of one post-consolidation common share for every 100 pre-consolidation common shares.
The shares were acquired at a price of USD 1.5876 per common share through the facilities of the Toronto Stock Exchange.