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look1

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look1

Re: brwtrpilot post# 45

Thursday, 01/15/2009 9:28:53 PM

Thursday, January 15, 2009 9:28:53 PM

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brwtrpilot Cumulative is if they don't pay a dividend the dividens will keep adding up till they are paid.Then they will pay all that is owe.(or what they can aford) . Noncumlative if they miss a dividen payment they will not pay you any time the miss dividend. I notis banks mostly have nonculative dividends. Note the 7% is based on $25.00 not on what you bought it at. They will pay $1.75 if you bought at $1.00 or $30.00.
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