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According to Lakatos, a progressive program leads to:
Cumulative Preferred Stock
Preferred stock where dividends accumulate if not paid in a given year and must be paid out before dividends can be distributed to common stockholders.
Par Value
The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.
Dividends Received
Refers to the payments received by shareholders from a company's earnings, typically distributed periodically.
Dividend Record Date
The specific date set by a corporation's board of directors after which the shareholders on record will be entitled to receive the declared dividend.
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