Image: Flickr user Zoll Erdos. Most, but not all, preferred stocks have a "cumulative" provision. This says that, if any dividend payments have been skipped, they must be paid out to preferred ...

Let's face it: Even the best budgets can't always predict your actual expenses. Things happen. Unexpected costs arise. That's life. That's why it's so useful to review your budget after a project is ...

Cumulative preferred stocks ensure skipped dividends are paid before common dividends. Calculate owed dividends by annual rate x par value, divided by quarters, multiplied by missed payments. In ...