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Dividend Liability
Refers to the amount a company owes to its shareholders after the board of directors declares a dividend but before the company has actually paid it.
Date of Declaration
The specific date on which a company's board of directors announces its intention to pay a dividend to shareholders.
Cumulative Preferred Stock
A type of preferred stock where dividends accumulate if not paid in a given year, and must be paid out before common stock dividends.
Par Common Stock
The nominal or face value assigned to common stock by the issuing company.
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