Unit 1 Flashcards
(12 cards)
Ex-dividend dates for OTC stocks are set by?
FINRA
What is the declaration date?
When the BOD approves dividend payment
What has characteristics of both equity and debt securities?
Preferred shares
What kind of preferred stock receives arrears?
Cumulative
What is the most stable type of preferred stock?
Adjustable rate
What is the rate of adjustable preferred stock indexed to?
The Treasury bill rate
What is the last day to buy stock and receive dividends?
The day before the record date
Another term for stocks and bonds is…
Equity and debt
What dividend date is not declared by the BOD?
The ex-dividend date
Which classification of common stock refers to the shares that have been sold to investors and are currently held by them?
Outstanding stock
Where are preferred shares in terms of priority during liquidation?
Before common shareholders but after creditors
What is treasury stock?
Stock that a corporation has issued then later bought back
