Ask Question
21 November, 12:37

Lindsey holt owns stock in the galloway gems company. she knows she will receive a $1.50 dividend each quarter. given this, you know for sure that she purchased which type of stock

+5
Answers (1)
  1. 21 November, 13:38
    0
    I would say that this would be a guaranteed dividend stock on preferred shares because it must be paid on a regular basis as an obligation, and it would take precedence over other payments. Such a dividend is cumulative which means that if a payment is missed, no common stock payments can be made until that dividend is paid.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Lindsey holt owns stock in the galloway gems company. she knows she will receive a $1.50 dividend each quarter. given this, you know for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers