Dividends

Question 1

Is there a right to dividends?

Answer 1

No. Dividends are at the BOD discretion

Question 2

When will dividends never be granted?

Answer 2

When the corporation faces insolvency

Question 3

Common Shares

Answer 3

Paid last and paid equally from the residual

Question 4

Preferred Shares

Answer 4

Receive dividends before common s/h and paid a fixed amount

Question 5

Participating Shares

Answer 5

Shares are paid as preferred shares and common shares. Preferred shares paid first, then common

Question 6

Cumulative Shares

Answer 6

Shares with the right to receive unpaid years dividends and current years before common shares are paid