If Preferred Shares Are Non-Participating, Then

If preferred shares are non-participating, then:

A) Preferred shareholders are not entitled to a prior year's dividend once that year has passed.
B) Preferred shareholders are not entitled to vote.
C) Preferred shareholders may receive dividends in excess of a specific rate if common stockholders receive more than that specific rate.
D) Preferred dividends for the year are limited to a specific rate.

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