non-cumulative preferred stock

简明释义

非积累优先股

英英释义

例句

1.Investors should be cautious when purchasing non-cumulative preferred stock because missed dividends do not accumulate.

投资者在购买非累积优先股时应谨慎，因为未支付的股息不会累积。

2.The board decided to issue non-cumulative preferred stock to attract investors who are looking for fixed income.

董事会决定发行非累积优先股以吸引寻求固定收益的投资者。

3.When evaluating a company's financial health, consider the impact of non-cumulative preferred stock on its dividend policy.

在评估公司的财务健康时，考虑非累积优先股对其股息政策的影响。

4.Investors in non-cumulative preferred stock may face higher risks during financial downturns since they won't receive back dividends.

在经济低迷期间，持有非累积优先股的投资者可能面临更高的风险，因为他们无法收回股息。

5.The company issued non-cumulative preferred stock to raise capital without the obligation to pay back missed dividends.

公司发行了非累积优先股以筹集资金，而不需要偿还未支付的股息。

作文

In the world of finance, understanding various types of securities is crucial for investors. One such type is the non-cumulative preferred stock, which plays a significant role in corporate financing and investment strategies. To grasp its importance, it is essential to break down the term and explore its implications for both companies and shareholders.Firstly, let's define what non-cumulative preferred stock is. This type of preferred stock does not accumulate dividends if they are not paid in a given period. In simpler terms, if a company decides to skip or delay dividend payments, shareholders of non-cumulative preferred stock will not receive those missed payments in the future. This characteristic sets it apart from cumulative preferred stock, where unpaid dividends accumulate and must be paid out before any common stock dividends can be distributed.The appeal of non-cumulative preferred stock lies in its potential for higher returns compared to common stock. Investors who purchase this type of stock often do so with the understanding that they may take on more risk. Since these stocks do not guarantee the payment of dividends, they may offer a higher dividend rate to attract investors willing to accept this risk. For instance, during profitable years, a company might pay generous dividends on its non-cumulative preferred stock, rewarding investors handsomely.However, the risk associated with non-cumulative preferred stock becomes evident during economic downturns. If a company faces financial difficulties, it may choose to suspend dividend payments altogether. Unlike cumulative preferred stockholders, who would still expect their dividends to be paid eventually, non-cumulative preferred stock investors have no such recourse. This aspect makes it crucial for investors to conduct thorough research and assess a company's financial health before investing in such securities.From a corporate perspective, issuing non-cumulative preferred stock can be a strategic decision. Companies may opt for this type of stock to maintain flexibility in their financial management. By not being obligated to pay back missed dividends, firms can allocate resources more effectively, especially during challenging times. This flexibility can be vital for businesses looking to invest in growth opportunities or navigate through economic uncertainties.Moreover, non-cumulative preferred stock can also be an attractive option for companies seeking to raise capital without diluting ownership. By issuing preferred stock, companies can attract investors who are interested in receiving fixed dividends without giving up control over the company. This feature is particularly appealing to startups and smaller companies that may not want to dilute their equity stake by issuing common stock.In conclusion, non-cumulative preferred stock represents a unique investment opportunity with its own set of risks and rewards. Investors must weigh the potential for higher returns against the possibility of missing out on dividends during tough times. On the other hand, companies benefit from the flexibility that comes with issuing this type of stock, allowing them to manage their finances effectively. Understanding the intricacies of non-cumulative preferred stock is essential for anyone looking to make informed decisions in the realm of investments and corporate finance.

在金融世界中，理解各种证券类型对投资者至关重要。其中一种类型是非累积优先股，它在公司融资和投资策略中发挥着重要作用。要掌握其重要性，首先需要将术语拆解并探讨其对公司和股东的影响。首先，让我们定义一下非累积优先股。这种类型的优先股在某一时期未支付股息时不会累积股息。简单来说，如果公司决定跳过或延迟股息支付，非累积优先股的股东将无法在未来获得这些未支付的款项。这一特性使其与累积优先股有所不同，后者未支付的股息会累积，并且必须在分配任何普通股股息之前支付给股东。非累积优先股的吸引力在于其相对于普通股的潜在更高回报。购买这种类型股票的投资者通常是在了解他们可能承担更多风险的情况下进行投资。由于这些股票不保证支付股息，因此它们可能提供更高的股息率，以吸引愿意接受这种风险的投资者。例如，在盈利丰厚的年份，公司可能会向其非累积优先股支付丰厚的股息，从而给予投资者可观的回报。然而，伴随非累积优先股的风险在经济低迷时期变得显而易见。如果公司面临财务困难，它可能选择完全暂停股息支付。与累积优先股股东不同，后者仍然期望最终会支付他们的股息，非累积优先股的投资者则没有这样的追索权。这一方面使得投资者在投资此类证券之前进行充分的研究和评估公司的财务健康状况至关重要。从公司角度来看，发行非累积优先股可以是一项战略决策。公司可能选择这种类型的股票以保持其财务管理的灵活性。通过不被迫支付错过的股息，企业可以更有效地分配资源，尤其是在艰难时期。这种灵活性对于希望投资于增长机会或应对经济不确定性的企业来说至关重要。此外，非累积优先股也可以成为寻求筹集资本而不稀释所有权的公司的一种有吸引力的选择。通过发行优先股，公司可以吸引那些希望获得固定股息而不放弃对公司的控制权的投资者。这一特性对于不希望通过发行普通股来稀释其股权的初创公司和小型企业尤为吸引。总之，非累积优先股代表了一种独特的投资机会，其自身具有风险和回报。投资者必须权衡潜在的更高回报与在艰难时期错失股息的可能性。另一方面，公司则通过发行这种类型的股票受益于灵活性，使其能够有效管理财务。理解非累积优先股的复杂性对于任何希望在投资和公司金融领域做出明智决策的人来说都是至关重要的。