preference share

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Related to Preference stock: preference shares, cumulative preference shares

preference share

a special type of share in a company, which has the characteristic that it confers an entitlement to a specified percentage rate of dividend that is payable in priority to the claims of ordinary shareholders. A company's share capital maybe split between ordinary shares and preference shares. Ordinary shareholders are entitled to the remaining profits that have been appropriated for the payment of dividends.
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A quarterly dividend on the Series K preference stock, which would result in a distribution of $0.
Concurrently, the company's board announced preference stock (USD25 Capital Value) of 6.
28 September 2010 - Japanese commercial lender Bank of Tokyo-Mitsubishi UFJ Ltd said today it will pay JPY30bn (USD356m/EUR265m) for acquiring preference stock of troubled Gifu Bank, which will be taken over by Juroku Bank.
Southern California Edison (SCE) said on Tuesday that it plans to redeem all of the outstanding shares of its Series D preference stock on the redemption date of 31 March 2016.
Electric utility Southern California Edison (NYSE:SCE) said on Monday that it plans to redeem all of the outstanding shares of its Series A preference stock on the redemption date of 16 September 2015.
San Diego Gas & Electric (SDG&E) said on Tuesday that it has redeemed all of the issued and outstanding shares of its cumulative preferred stock and preference stock (cumulative).
Further, the board approved a quarterly series F preference stock dividend of USD35.