Viewing profile — slowjoe

Preferred stock is actually a form of debt. It gets paid after the bond-holders but before the shareholders. It almost never carries voting rights.

The reason for not paying a dividend is that cash distributed that way is taxed more highly than cash distributed in a share buy-back. I agree with you that if no dividend is payed…

+1 to the "high course join, low course completion" crowd. One thing that I did at work was establish a betting pool with two other co-workers on the Coursera C++ course that finis…