Also referred to as net worth as it represents the ownership interest of common and
preferred shareholders in a company.
Not exact matches
He then sued the
company for «Proposal 2»
in Apple's proxy statement, which essentially only allows Apple to issue
preferred stock with the approval of
shareholders.
In addition to the dividends Apple began paying in the past year and the stock buyback program underway, Einhorn wants the company to distribute a special preferred class of stock to shareholder
In addition to the dividends Apple began paying
in the past year and the stock buyback program underway, Einhorn wants the company to distribute a special preferred class of stock to shareholder
in the past year and the stock buyback program underway, Einhorn wants the
company to distribute a special
preferred class of stock to
shareholders.
We see equities remaining the dominant source of income going forward, though we
prefer dividend growers —
companies that increase their payout to
shareholders — over dividend payers
in this environment.
Naturally,
shareholders would
prefer to reinvest a business's earnings into more ownership of a business rather than see the cash sit
in the
company's bank accounts for a paltry.5 % annual return.
In the event of
company bankruptcy,
preferred shareholders have a higher priority claim on
company assets than common
shareholders.
It means that if the
company performs exceptionally, the
preferred shareholders can not partake
in the sharing of the excess profits like common
shareholders will do.
This is tempting for
companies, as the
preferred shareholders do not have votes and thus a voice
in the corporate governance.
For this reason, if a
company records a loss
in a particular year, it may need to pay the
preferred shareholders from its reserves.
A
company involved
in only one profitable line of business would typically
prefer selling out to liquidating because possible double taxation (taxes both at the corporate and
shareholder level) would be avoided.
He
prefers to paint his role
in those years with the same «activist investor» brush he holds today, arguing that he has created tens of billions of dollars of value for
shareholders in companies in which he invested.
«After extensive consideration and
in light of the uncertainty associated with the causes and potential liabilities associated with these wildfires as well as state policy uncertainties, the PG&E boards determined that suspending the common and
preferred stock dividends is prudent with respect to cash conservation and is
in the best long - term interests of the
companies, our customers and our
shareholders... We fully recognize the importance of dividends and intend to revisit the issue as we get more clarity.»
In a lengthy letter to the Konover board,
shareholders represented by Greenwich, Conn. - based Mercury Partners LLC complain that the transaction is a bargain basement deal designed to the benefit of Paris - based Lazard, the parent
company of Prometheus, and to the detriment of Konover's
preferred and common stockholders.
The
company used the net proceeds from the offering to reacquire regional RE / MAX franchise rights
in the Southwest and Central Atlantic regions of the U.S., redeem
preferred membership interests and to repurchase ownership stakes from existing
shareholders.