Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
A brief history of preference shares
1. A brief history of preference shares
• During the early days of the corporation in the
USA,each shareholder received the same
dividend as that of any othe shareholder in that
company.
• This condition changed in the transport industry
when some shareholders arrived much before
others.
• When this policy of different stockholders was
successfully adopted by railroads n canals,it was
employed in other enterprises
2. --the earliest issues of preferred stock were those
which certain Maryland internal improvement
companies made in 1836.