{"id":9949,"date":"2023-02-06T15:58:16","date_gmt":"2023-02-06T10:28:16","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=9949"},"modified":"2023-02-06T15:58:18","modified_gmt":"2023-02-06T10:28:18","slug":"preference-shares-meaning-types-pros-and-cons","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/","title":{"rendered":"Preference Shares &#8211; Meaning, Types, Pros and Cons"},"content":{"rendered":"\n<p>Preference shares are those shares of the company that have priority over common shares to receive dividends. Preference shareholders usually have a fixed rate of dividend. However, preference shareholders do not get the same rights as equity shareholders. They usually do not have the right to vote or participate in decision-making.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Let\u2019s explore preference shares, their features and more in detail.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Preference-Shares-Important-Points-to-Note\" title=\"Preference Shares &#8211; Important Points to Note\">Preference Shares &#8211; Important Points to Note<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Characteristics-of-preference-shares\" title=\"Characteristics of preference shares\">Characteristics of preference shares<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Types-of-preference-shares\" title=\"Types of preference shares\">Types of preference shares<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#As-per-convertibility\" title=\"As per convertibility&#8211;&nbsp;\">As per convertibility&#8211;&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#As-per-redemption\" title=\"As per redemption-\">As per redemption-<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#As-per-dividend\" title=\"As per dividend-&nbsp;\">As per dividend-&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#As-per-participation\" title=\"As per participation-&nbsp;\">As per participation-&nbsp;<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Relation-of-interest-rates-with-preference-shares\" title=\"Relation of interest rates with preference shares\">Relation of interest rates with preference shares<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Why-should-you-consider-investing-in-preference-shares\" title=\"Why should you consider investing in preference shares?&nbsp;\">Why should you consider investing in preference shares?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Risks-associated-with-preference-shares\" title=\"Risks associated with preference shares\">Risks associated with preference shares<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/glossary\/preference-shares-meaning-types-pros-and-cons\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Preference-Shares-Important-Points-to-Note\"><\/span><strong>Preference Shares &#8211; Important Points to Note<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Preference shares are those shares that have a priority over common shares to receive dividends.<\/li>\n\n\n\n<li>The rights of preference shareholders differ from the rights of equity shareholders.<\/li>\n\n\n\n<li>There are different types of preference shares divided based on convertibility, redemption, dividend, and participation.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"351\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-1-1024x351.png\" alt=\"\" class=\"wp-image-9951\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-1-1024x351.png 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-1-300x103.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-1.png 1208w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-1-300x103@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image source: https:\/\/www.adigitalblogger.com\/<\/figcaption><\/figure><\/div>\n\n\n<h2><span class=\"ez-toc-section\" id=\"Characteristics-of-preference-shares\"><\/span><strong>Characteristics of preference shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some features of preference shares are-&nbsp;<\/p>\n\n\n\n<ul>\n<li><strong>Preference in dividends<\/strong>&#8211; Preference shareholders get priority to receive dividends over other shareholders.<\/li>\n\n\n\n<li><strong>Preference in assets- <\/strong>In case a company liquidates or goes bankrupt, preference shareholders have the right over assets before common shareholders.&nbsp;<\/li>\n\n\n\n<li><strong>Convertibility<\/strong>&#8211; Preference shares can also be converted into equity shares (based on terms and conditions and time period).<\/li>\n\n\n\n<li><strong>Voting right<\/strong>&#8211; Preference shareholders do not participate in voting. They also have no say in decision-making.<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Types-of-preference-shares\"><\/span><strong>Types of preference shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"602\" height=\"311\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image.png\" alt=\"\" class=\"wp-image-9950\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image.png 602w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-300x155.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/image-300x155@2x.png 600w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><figcaption class=\"wp-element-caption\">Image source: https:\/\/www.flexiprep.com\/<\/figcaption><\/figure><\/div>\n\n\n<p>Preference shares can be classified based on-&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"As-per-convertibility\"><\/span><strong>As per convertibility<\/strong>&#8211;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol>\n<li><strong>Convertible <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Shares that can be converted into equity shares after a fixed period are generally referred to as convertible preference shares. Ideally, these shares are regarded as advantageous for investors who plan to obtain share dividends. It also benefits people who want to profit from price changes of shares.<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>Non-convertible <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Non-convertible preference shares are those preference shares which cannot be converted into equity shares.&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"As-per-redemption\"><\/span><strong>As per redemption-<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol>\n<li><strong>Redeemable <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>These shares can be bought back by the company at a predetermined rate and time based on the company\u2019s or the shareholders\u2019 discretion. Redeemable preference shares usually mitigate the effect of inflation and are also known as preference shares with a callable option.\u00a0<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>Irredeemable <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Irredeemable preference shares are those shares that the company cannot redeem in the normal course of business. These shares can only be redeemed during the winding up of a company.&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"As-per-dividend\"><\/span><strong>As per dividend-&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol>\n<li><strong>Cumulative <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Cumulative preference shares are those preference shares that have the right to receive dividends in arrears. Even when the company has not generated profits and does not have the capacity to pay dividends, cumulative shareholders have the right to claim dividends.&nbsp;<\/p>\n\n\n\n<p>Such shareholders do not lose out even when the company is not performing well.<\/p>\n\n\n\n<p><strong>Cumulative dividend (per share) = Quarterly dividend * Number of dividends missed<\/strong><\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>Non-cumulative <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Non-cumulative preference shares are those preference shares that are not bound to receive dividends when the company has not generated any profits.&nbsp;&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"As-per-participation\"><\/span><strong>As per participation-&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol>\n<li><strong>Participating <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Participating preference shares are those that have the right to receive a fixed dividend rate and additional dividends based on the profit surplus of a company. These are primarily issued in cases of hostile takeovers and forced M&amp;A deals.&nbsp;<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>Non-participating <\/strong><strong>preference shares<\/strong><\/li>\n<\/ol>\n\n\n\n<p>These shares do not have the right to receive additional dividends based on the company\u2019s surplus earnings. These shareholders are bound to receive a predetermined dividend.&nbsp;<\/p>\n\n\n\n<p><em>Note: There is also a type of preference share known as adjustable-rate <\/em><em>preference shares<\/em><em>. These shares have a dividend rate, which is fixed, based on the interest rates in the market.&nbsp;<\/em><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Relation-of-interest-rates-with-preference-shares\"><\/span><strong>Relation of interest rates with <\/strong><strong>preference shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Preference shares have similar characteristics as that of stocks and bonds. Just like bonds that provide investors with fixed returns and are sensitive to interest rates, preference shares are inversely proportional to interest rate changes.&nbsp;<\/p>\n\n\n\n<p>If interest rates fall, the value of preference shares will rise. The reverse also holds true. For instance, if interest rates decline by 2%, there is a good chance that preference shares will increase by 2%.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Why-should-you-consider-investing-in-preference-shares\"><\/span><strong>Why should you consider investing in <\/strong><strong>preference shares<\/strong><strong>?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Preference shares offer various benefits.&nbsp;<\/p>\n\n\n\n<p>Firstly, they act as a fixed source of passive income because the dividends are received regularly. There is also a low risk of <a href=\"https:\/\/www.tickertape.in\/glossary\/what-is-capital-definition-of-capital-types-and-its-importance\/\">capital<\/a> loss because they have a preferential right over the company\u2019s assets in case of <a href=\"https:\/\/www.tickertape.in\/glossary\/liquidation-meaning-process-types-and-examples\/\">liquidation<\/a>.&nbsp;<\/p>\n\n\n\n<p>Additionally, preference shareholders also have an edge as they are entitled to receive dividends before equity shareholders. In some cases, they can convert their preference shares to equity shares.&nbsp;<\/p>\n\n\n\n<p>These shares are also generally more stable. Thus, preference shares are stable financial instruments that offer various benefits with limited risk and downfall.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Risks-associated-with-preference-shares\"><\/span><strong>Risks associated with <\/strong><strong>preference shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With all this upside, there are also certain risks attached to preference shares.<\/p>\n\n\n\n<p>Firstly, preference shareholders do not have the right to vote and participate in decision-making. This means the decisions of the company can impact preference shareholders negatively.&nbsp;<\/p>\n\n\n\n<p>Secondly, if a company is performing exceptionally well and producing high profits, the preference shareholders will lose and not benefit from this due to the fixed dividend rate. Also, when a company is not making sufficient profits, then the dividend may not be paid to preference shareholders. Therefore, the returns and risks should be carefully weighed before investing in preference shares.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A preference share is a unique category of financial instruments. They share properties of debt as well as equity. Preference shares that are of many kinds have limited risk with a fair share of returns, thereby attracting investors. However, preference shares have both pros and cons, and hence you must evaluate them carefully before investing.\u00a0<\/p>\n\n\n\n<p>Use <a href=\"https:\/\/www.tickertape.in\/screener\/equity\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape Stock Screener<\/a> to check the Dividend Per Share of a common share of a company. <\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-108c7bb6 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-99bce8f1\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What are preference shares?\u00a0<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Preference shares are those shares that have the right to claim dividends before equity shareholders. If a company files for bankruptcy, the preference shareholders will be paid before the equity shareholders.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-e3a67ce0\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>How to buy preference shares?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Preference shares can be either bought in the primary or financial markets.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-d3b1c960\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What are equity shares and preference shares? What is the main difference?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Preference shareholders usually have a fixed rate of dividend and no voting rights. On the other hand, equity shareholders do not have a fixed dividend rate; however, they have voting rights. Also, preference shareholders have preferential rights on the company\u2019s assets in case of liquidation.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-7a189fc8\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>Are preference shares debt or equity?\u00a0<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Preference shares are equity instruments, even though they share some features with debt instruments.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Preference shares are those shares of the company that have priority over common shares to receive dividends. <\/p>\n","protected":false},"author":96,"featured_media":9946,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[1929],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/02\/08-1-1-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Nikitha","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"Preference shares are those shares of the company that have priority over common shares to receive dividends.","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/9949"}],"collection":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/comments?post=9949"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/9949\/revisions"}],"predecessor-version":[{"id":9954,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/9949\/revisions\/9954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media\/9946"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media?parent=9949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/categories?post=9949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/tags?post=9949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}