The company remains one of my preferred dividend stocks, because of its dominant market position and multifaceted economic moat, which continues to protect revenue growth from competition.
www.fool.ca Thus, the company must pay all unpaid preferred dividends accumulated during previous periods before it can pay dividends to common shareholders.
en.wikipedia.org After preferred dividends, first quarter 2016 net income available to common shareholders was $147,499, or $0.03 per diluted share, compared to $150,816, or $0.03 per diluted share, in the first quarter a year ago.
www.stockhouse.com If dividends are halted with preferred stock, the company can not pay dividends to common shareholders until the preferred dividend is reinstated and shareholders are paid in arrears.
www.usatoday.com