LodgeNet Announces Proposed Private Offering of $50 Million of ...

PR Newswire (press release)

The Company expects to grant the initial purchaser of the preferred stock a 30-day option to purchase up to an additional $7.5 million of the preferred ...

LodgeNet to sell $50 mln in preferred stock Reuters India

LodgeNet plans private preferred stock offering Boston Globe



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Kansas City Southern Announces Preferred Dividend

welt online

... of $12.8125 per share on the outstanding 5.125% Cumulative Convertible Perpetual Preferred Stock , Series D. The cash dividend will be payable August 17, ...

Obama's Financial Rules May Force More Fee Disclosure

Bloomberg

Michael Kerr, a Fort Worth, Texas, newspaper editor, recalled how he ended up with more than $1000 worth of preferred stock in mortgage backer Fannie Mae ...



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Does the terms of this preferred stock agreement prevent the granting or exercising of stock options?
Q. --- From Prospectus --- The terms of the Series A Preferred Stock do not permit XXX to declare, set apart or pay any dividend or make any other distribution of assets on, or redeem, purchase, set apart or otherwise acquire shares of common stock or of any other class of stock of XXX ranking junior to the Series A Preferred Stock as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of XXX, unless certain conditions are met. --- I am a current holder of this companies preferred stock. The company is currently experiencing operating difficulties and has already suspended common stock dividends. I suspect the preferred dividends may be halted next. However, the company uses stock… [cont.]
Asked by Roger - Sat Dec 9 18:50:45 2006 - - 1 Answers - 0 Comments

A. the way it reads to me is that the company XXX cannot pay dividends or buyout common stock without paying your preferred dividend first. (which is expected of preferred stock). Then they have to buy you out before other shareholders if the company goes dead. In theory your preferred dividends are probably cumulative and thus will be owed to you in case of default, so halting payment only delays payment to you and thus gives you the risk of them not being able to pay you the full amount owed. This is just how I read it, but I think it makes sense.
Answered by Modus Operandi - Sun Dec 10 11:11:00 2006

Why is there a distinction of preferred stock and common stock and..?
Q. why is preferred stock better or more resilient in uncertain economic circumstances (or amid large debts or downside risk) while the common stock is not? What are the mechanisms, uses, and strategies of these? You can be vague or detailed-- details are much appreciated though
Asked by nomethinks - Fri Jul 25 14:01:57 2008 - - 2 Answers - 0 Comments

A. A company has the option to sell 2 "types" of stock ... "Common" and "Preferred". Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preferred stocks represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common stock, a preferred stock pays a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning preferred stock is that the investor has a greater claim on the company's… [cont.]
Answered by George - Fri Jul 25 16:02:16 2008

tax bracket and preferred stock with dividends?
Q. Which of the following statements is correct about a corporation in the 35% tax bracket that can invest either in a bond paying 8% interest or in the preferred stock of another corporation which pays a 6% dividend? A) The stock is preferred by approximately .17%. B) The stock is preferred by approximately .80%. C) The bond is preferred by approximately 1.30%. D) The after-tax yields are identical on each.
Asked by Kathy S - Sun Dec 9 12:37:35 2007 - - 2 Answers - 0 Comments

A. With only the information provided, I am going to assume that both are taxable. (Some bonds are exempt from taxes.) Therefore: The bond has an effective (after tax) yield of 5.2%. The stock has an effective (after tax) yield of 3.9%. Thus the bond yield is 1.3% higher than the stock yield. Answer: C
Answered by walt17jr - Sun Dec 9 13:49:24 2007