ZIMSEC O Level Commerce Notes: Differences between Ordinary and Preference Shares
|Ordinary shares||Preference shares|
|Receive a variable rate of dividend.||Receive a fixed rate of dividend|
|Receive dividends last, after preference shares have been paid||Receive dividends first, before ordinary shares are paid.|
|Can be management shares||Can be basic, cumulative or redeemable preference shares|
|Have voting rights at Annual General Meetings||Have not voting rights.|
|A risky form of investment.||A safe form of investment|
|Are also known as equity||Do not own equity.|
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