【投资学英文版课件】MONSTOCK.pptVIP

COMMON STOCK Corporations, Shares, and Shareholder Rights Corporations, Shares, and Shareholder Rights The Mystique of Dividends: Types of Dividends The Mystique of Dividends: Types of Dividends The Mystique of Dividends: Types of Dividends The Mystique of Dividends: Special Distributions The Mystique of Dividends: Special Distributions The Dividend Payment Procedure The Dividend Payment Procedure Why Dividends Do Not Matter Stock Splits: Forward and Reverse Splits Stock Splits: Why Stock Splits Do Not Matter Stock Splits The Financial Page Listing Categories of Stock Categories of Stock Categories of Stock Categories of Stock Categories of Stock Categories of Stock 5 - * Strong C5 – Common Stock CHAPTER FIVE Practical Investment Management Robert A. Strong People who own stock have an equity interest in the organization. If a business has shares of stock, it is organized as a corporation rather than a proprietorship or a partnership. The shares of some corporations are closely held, while others are publicly held. The two types of stock are common stock and preferred stock. the right to receive declared dividends on a pro rata basis the right to vote - Some companies have more than one class of stock. the right to maintain ownership percentage - The mechanics of the preemptive right are accomplished by a rights offering. Shareholder Rights cash dividends - paid in cash Some firms have an optional dividend reinvestment plan. Selected Dividend Reinvestment Plans DISCOUNT FROM FIRM MARKET PRICE Chase Manhattan Bank (CMB,NYSE) 5% Central Maine Power (CTP, NYSE) 5% Green Mountain Power (GMP, NYSE) 5% Hibernia Corp. (HIB, NYSE) 5% York Financial (YFED, NASDAQ) 10% stock dividends - paid in additional shares of stock property dividends - the pro rata distribution of a physical asset spin-offs - a parent firm divests itself of a subsidiary, and all the shares in the subsidiary ar