Tuesday, November 25, 2008

Today's Fly Or Die Commerce Report: Classified Common Stock

The Financial Guide Glossary, says the following about Classified Common Stock: "Some corporations issue more than one category of common stock. Multiple category stock is called classified common stock.

Traditionally, stock referred to as Class A is non-voting, dividend paying stock that is issued to the public. Class B stock is voting stock held by management. Class B pays no dividend, but the owners enjoy the residual price appreciation benefits of a growing company."

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