Participating Preferred Stock Definition

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',top=' + top + ',left=' + left; window.open(url, 'share-popup', opts); return false; }); function closePopup(popupWindow){ popupWindow.close(); } </script> <style> .layout-title h1, .layout-title .h1 { max-width: calc(100% - 210px); width: 100%; display: inline-block; padding-right: 0 !important; } .by-author { max-width: calc(100% - 210px); width: 100%; } .layout-body-topbar{ display: inline-block; } .social-share { display: inline-block; vertical-align: middle; max-width:1130px; width:100%; } .share-button .logo{ display:inline-block; position:relative; padding-top: 5px; } .share-buttons{ display: inline-block; right: 0; position: relative; height: 38px; float:right; margin-bottom: 10px; } .share-buttons-inner a { text-decoration: none !important; } .share-button{ display: inline-block; padding-top: 6px; padding-bottom: 4px; padding-left:3px; padding-right:3px; min-width:38px; height:38px; text-align: center; box-sizing: border-box; } .facebook-share-button{ background-color: #3b5998; } .twitter-tweet-button{ background-color: #00aced; } .linkedin-share-button{ background-color: #0077b5; } @media only screen and (max-width: 767px){ .share-buttons{ display:block; width: 100%; margin-bottom: 20px; } .layout-body-topbar { display: initial; } .by-author{ max-width: 100%; } .layout-title h1, .layout-title .h1 { max-width: 100%; } } </style> </div> <div class="clear" id="related_searches_c"> </div> <div class="ad-textlink full-width-iframe" "> <div id="AdSlot_AF-Top-Textlink1"> <script type="text/javascript"> if(!noDfp) { googletag.cmd.push(function () { googletag.display('AdSlot_AF-Top-Textlink1'); }); } </script> </div> </div> </div> <div class="layout-page"> <div class="layout-content">  <div class="tabs"> </div> <div class="region region-content"> <div id="block-system-main" class="block block-system"> <div class="content"> <div class="layout-body box clear"> <div class="content-box content-box-term"> <h2>What is a 'Participating Preferred Stock'</h2> <p>A participating preferred stock is a type of <a href="/web/20160711225949/http://www.investopedia.com/terms/p/preferredstock.asp">preferred stock</a> that gives the holder the right to receive dividends equal to the normally specified rate that <a href="/web/20160711225949/http://www.investopedia.com/terms/p/preferreddividend.asp">preferred dividends</a> receive as well as an additional <a href="/web/20160711225949/http://www.investopedia.com/terms/d/dividend.asp">dividend</a> based on some predetermined condition.<br/><br/>The additional dividend paid to <a href="/web/20160711225949/http://www.investopedia.com/video/play/preference-shares/">preferred shareholders</a> is commonly structured to be paid only if the amount of dividends that <a href="/web/20160711225949/http://www.investopedia.com/terms/c/common_shareholder.asp">common shareholders</a> receive exceeds a specified per-share amount.<br/><br/>Furthermore, in the event of <a href="/web/20160711225949/http://www.investopedia.com/terms/l/liquidation.asp">liquidation</a>, participating preferred shareholders can also have the right to receive the stock's purchasing price back as well <a href="/web/20160711225949/http://www.investopedia.com/video/play/prorata/">as a pro-rata share</a> of any remaining proceeds that the common shareholders receive. </p> <div id="NextUpBox"> Next Up <div class="related-carousel"> <div class="related-carousel-table"> <ol class="list gaEvent"> <li class="item first "> <h3 class="item-title"> <a href="/web/20160711225949/http://www.investopedia.com/terms/p/preference-shares.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 1" data-label="Preference Shares | /terms/p/preference-shares.asp"> Preference Shares </a> </h3> </li> <li class="item second "> <h3 class="item-title"> <a href="/web/20160711225949/http://www.investopedia.com/terms/p/preferreddividend.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 2" data-label="Preferred Dividend | /terms/p/preferreddividend.asp"> Preferred Dividend </a> </h3> </li> <li class="item third "> <h3 class="item-title"> <a href="/web/20160711225949/http://www.investopedia.com/terms/c/current-dividend-preference.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 3" data-label="Current Dividend Preference | /terms/c/current-dividend-preference.asp"> Current Dividend Preference </a> </h3> </li> <li class="item nth"> <h3 class="item-title"> <a href="/web/20160711225949/http://www.investopedia.com/terms/p/preferredstock.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 4" data-label="Preferred Stock | /terms/p/preferredstock.asp"> Preferred Stock </a> </h3> </li> </ol> </div> </div> </div> <script type="text/javascript"> $('.related-carousel-table .list').append('<li class="item next"><a href="#"></a></li>'); $('.related-carousel-table .next a').attr('href', $('.related-carousel-table .item:first a').attr('href')); </script> <h2>BREAKING DOWN 'Participating Preferred Stock'</h2> <p>For example, suppose Company A issues participating preferred shares with a <a href="/web/20160711225949/http://www.investopedia.com/terms/d/dividendrate.asp">dividend rate</a> of $1 per share. The preferred shares also carry a clause on <a href="/web/20160711225949/http://www.investopedia.com/terms/e/extradividend.asp">extra dividends</a> for participating <a href="/web/20160711225949/http://www.investopedia.com/video/play/preferred-stock-vs-common-stock/">preferred stock</a>, which is triggered whenever the dividend for common shares exceeds that of the preferred shares.<br/><br/>If, during its current quarter, Company A announces that it will release a dividend of $1.05 per share for its common shares, the participating preferred shareholders will receive a <a href="/web/20160711225949/http://www.investopedia.com/video/play/what-is-dividend/">total dividend</a> of $1.05 per share ($1.00 + 0.05) as well.<br/><br/>Participating preferred stock is rarely issued, but one way in which it is used is as a <a href="/web/20160711225949/http://www.investopedia.com/terms/p/poisonpill.asp">poison pill</a>. In this case, current shareholders are issued stock that gives them the right to new common shares at a bargain price in the event of an unwanted <a href="/web/20160711225949/http://www.investopedia.com/terms/t/takeoverbid.asp">takeover bid</a>. </p> <div class="content-body"> <div id="AdSlot_BC-TextNote" class="BC-Textnote"> <script type="text/javascript"> if (!noDfp || ecLayout) { targetingList.Location = "BC-Textnote"; // If content has the tag "partner-content-original" do not output a textnote ad unit on the page var articleTags = $("meta[property='article:tag']").attr("content"); if (articleTags == undefined) { articleTags = ''; } // If there's no "partner-content-original" tag output a textnote if (articleTags.indexOf('partner-content-original') == -1) { var bcTextNoteDynamicAd = new dynamicAd(); bcTextNoteDynamicAd.domName = "AdSlot_BC-TextNote"; bcTextNoteDynamicAd.slotSize = ""; bcTextNoteDynamicAd.taxSlotName = "BC-Textnote"; bcTextNoteDynamicAd.isFrameExtraction = false; 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answer"),this.addTimingEvent("setLocalDesc",performance.now()-this.estConnectionStart)}function p(){this.triggerEvent("receivedicecandidates");var e=performance.now();C.info("TIMING:ice_candidates "+(e-this.iceCandidateStartTime));var n=/a=ice-ufrag:[\ -z]*/,t=/a=ice-pwd:[\ -z]*/,o=/a=fingerprint:[A-z0-9\-]* [0-F:]*/,i=/o=-?\S* [0-9]+ [0-9] IN IP4 [0-9\.]+/,r=performance.now();C.info("Before matching regexes"+(r-this.estConnectionStart)),C.info(this.answer.sdp);var a=this.answer.sdp.match(n),s=this.answer.sdp.match(t),c=this.answer.sdp.match(o),d=this.answer.sdp.match(i);C.info("UFRAG:"+a),C.info("PWD:"+s),C.info("FINGERPRINT:"+c),C.info("O=:"+d);var l=[this.localCandidates];l.push(a[0]),l.push(s[0]),l.push(c[0]),l.push(d[0]);var u=new Uint8Array(8);window.crypto.getRandomValues(u);var p=String.fromCharCode.apply(null,u);l.push(p),l.push(this.nodePeerIp),l.push(this.nodePeerPort),this.triggerEvent("preparedjson",l);var h=performance.now();C.info("After matching 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millis"),o.turnSignalPeerConnection.setLocalDescription(e,function(){},function(){})},function(){})}function h(){C.info("Successfully added ICE candidate")}var v=e(10),g=e(11),C=e(8),w=window.RTCPeerConnection||window.mozRTCPeerConnection||window.webkitRTCPeerConnection,m=window.RTCSessionDescription||window.mozRTCSessionDescription||window.webkitRTCSessionDescription,S=window.RTCIceCandidate||window.mozRTCIceCandidate||window.webkitRTCIceCandidate,E=15e3,T=3e5;o.prototype.handleError=function(){},o.prototype.getTimingEvents=function(){return this.timingEvents},o.prototype.addTimingEvent=function(e,n){var t={name:"t_"+e,timing:n};this.timingEvents.push(t)},o.prototype.open=function(){var e=this;this.connectionTimeout=setTimeout(function(){e.close()},E),this.estConnectionStart=performance.now(),setTimeout(function(){C.debug("v8Lag is : "+(performance.now()-e.estConnectionStart)),e.addTimingEvent("v8Lag",performance.now()-e.estConnectionStart)},1),i.call(this),r.call(this)},o.prototype.send=function(e){C.info("sending message",e),this.dataChannel.send(e)},o.prototype.request=function(e,n){var t=g.buildRequest(e),o=g.buildTerminator(t.id);this.requests[t.id]=n,this.send(JSON.stringify(t)),this.send(JSON.stringify(o))},o.prototype.close=function(){this.dataChannel&&(this.dataChannel.close(),this.dataChannel=null),this.peerConnection&&"closed"!==this.peerConnection.signalingState&&(console.log("Closed PC"),this.peerConnection.close()),this.stunGunPeerConnection&&"closed"!==this.stunGunPeerConnection.signalingState&&(console.log("Closed Stungun PC"),this.stunGunPeerConnection.close()),this.turnSignalPeerConnection&&"closed"!==this.turnSignalPeerConnection.signalingState&&(console.log("Closed Turnsignal PC"),this.turnSignalPeerConnection.close())},o.prototype.on=function(e,n){e in this.eventListeners&&this.eventListeners[e].push(n)},o.prototype.triggerEvent=function(e){if(e in this.eventListeners){var n=Array.prototype.slice.call(arguments,1);this.eventListeners[e].forEach(function(e){e.apply(this,n)})}},o.prototype.setLogLevel=function(e){C.setLevel(e)},o.prototype.checkCandidateIpLeak=function(e){if(!v.isIPv6(e)&&-1!==e.indexOf("typ host")){var n=v.extractCandidateIp(e);n&&(this.ips[n]=!0,Object.keys(this.ips).length>=2&&(C.info("Multiple private IPs detected. Closing the connection."),this.close()))}},window.PanamaClient=o,n.exports=o},{10:10,11:11,8:8}],10:[function(e,n,t){n.exports.getPortNoFromCandidate=function(e){var n=/([0-9]+) ([0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}) ([0-9]+)/.exec(e)||[];return n[3]||null},n.exports.isServerReflexive=function(e){return-1!==e.indexOf("srflx")},n.exports.isIPv6=function(e){return/([0-9a-fA-F]){1,4}(:([0-9a-fA-F]){1,4}){7}/.test(e)},n.exports.extractCandidateIp=function(e){var n=/[0-9]+ ([0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}) [0-9]+/.exec(e);return n&&n.length>1?n[1]:null},n.exports.matchNodePeerIpAndPort=function(e){return e.match(/candidate:[0-9]+ [0-9]+ udp [0-9]+ ([0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}) ([0-9]*)/i)}},{}],11:[function(e,n,t){function o(){return Math.floor(99999*Math.random()+1)}function i(e){var n=o().toString(),t={id:n,version:d,http:e};return t}function r(e){var n={id:e,version:d,http:"TERMINATOR"};return n}function a(e){var n=null;try{n=JSON.parse(l+e)}catch(t){l+=e}return n&&(l=""),n}function s(e){if(!e.http||!e.id)throw new Error("Fields `id` and `http` are mandatory.");var n=e.id;if("TERMINATOR"===e.http){if(!u[n])return null;var t=u[n];return u[n]=null,t}return u[n]?u[n].http.body+=e.http.body:u[n]=e,null}function c(e){var n=a(e);if(!n)return null;var t=s(n);return t}var d="1.0",l="",u={};n.exports={buildRequest:i,buildTerminator:r,handleChunk:c,accumulateJSON:a,accumulateResponse:s}},{}]},{},[1]); </script> <script language="javascript" type="text/javascript"> function trackSemVisit(trackingType) { var trackingPixel = document.createElement("img"); trackingPixel.src = "/sem/sp.gif?type=" + trackingType + "&ocode=" + sem_ocode + "&ldid=" + sem_ldid; document.body.appendChild(trackingPixel); } if ((typeof sem_pageview !== 'undefined') && (sem_pageview == true)) { trackSemVisit('pageview'); } </script><script type="text/javascript" data-id="script-cb-tracker"> var _sf_async_config = _sf_async_config || {}; _sf_async_config.sections='Term'; _sf_async_config.authors='Investopedia'; (function(){ function loadChartbeat() { window._sf_endpt=(new Date()).getTime(); var e = document.createElement('script'); e.setAttribute('language', 'javascript'); e.setAttribute('type', 'text/javascript'); e.setAttribute('src', '//web.archive.org/web/20160711225949/http://static.chartbeat.com/js/chartbeat.js'); document.body.appendChild(e); } var oldonload = window.onload; window.onload = (typeof window.onload != 'function') ? loadChartbeat : function() { oldonload(); loadChartbeat(); }; })(); </script></body> </html>

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