Meaning of “cumulative dividend” in the English Dictionary

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"cumulative dividend" in Business English

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cumulative dividendnoun [ C ]

uk us

FINANCE, STOCK MARKET a regular payment made to the owners of cumulative preference shares:

It is common that shares with a right to a cumulative dividend obtain voting rights if the dividend is in arrears for a specified period.

(Definition of “cumulative dividend” from the Cambridge Business English Dictionary © Cambridge University Press)