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Cumulative and noncumulative dividends
Cumulative dividends retain an arrears claim under the terms, while noncumulative dividends generally do not. Neither label removes the need to examine payment discretion and issuer...
Read articleFOLITIC / HYBRID SECURITIES
Hybrid Securities Trading Guide
Understand securities that combine features of debt, equity and derivatives. Follow eight stages covering preferred shares, convertibles, corporate hybrids, bank capital and structured notes.
Start with What makes a security a hybrid, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Dividend terms · All lessons
Preferred Shares and Income
Understand dividends, priority, reset rates, redemption and the limits of income protection.