DEFINITION of 'N'

A Nasdaq stock symbol specifying that it is the company's third class of preferred shares. The N in the stock quote will be the fifth letter in the string, thus identifying that the share is not a common share, but rather a preferred share of the third class. On the Nasdaq exchange, N specifically identifies the issue as something other than a single issue of common stock or capital stock.

BREAKING DOWN 'N'

Preferred stock ownership in a corporation usually has a higher claim on the assets and earnings than common stock. Preferred stock generally has a dividend that must be paid out before dividends to common stockholders. Shareholders of preferred shares often prefer this class of shares due to its higher ranking in the "waterfall" of corporate distributions.

RELATED TERMS
  1. M

    The fifth letter of a Nasdaq stock symbol that specifies the ...
  2. Preferred Stock

    A class of ownership in a corporation that has a higher claim ...
  3. O

    A component of a stock symbol that indicates the shares of that ...
  4. I

    A Nasdaq stock symbol specifying that it is the third preferred ...
  5. A

    A Nasdaq stock symbol specifying that the stocks are Class "A" ...
  6. Preference Shares

    Company stock with dividends that are paid to shareholders before ...
Related Articles
  1. Managing Wealth

    What You Need To Know About Preferred Stock

    Curious about preferred shares? Here's what you should know about these bond-like instruments.
  2. Managing Wealth

    The Advantages of Preferred Dividends

    Preferred dividends are cash distributions a company pays on its preferred shares.
  3. Investing

    A Primer On Preferred Stocks

    Offering both income and relative security, these uncommon shares may work for you.
  4. Investing

    What are Preference Shares?

    Preference shares, also referred to as preferred shares, are equity shares that give the shareholders certain rights ahead of common shareholders. For instance, when the corporation declares ...
  5. Managing Wealth

    What is Convertible Preferred Stock?

    Convertible preferred stock is preferred stock that can be converted into common stock as of a predetermined date at a specified ratio.
  6. Managing Wealth

    The Different Between Preferred and Common Stock

    Preferred and common stocks are different in two key ways.
  7. Managing Wealth

    An Example of Dividends in Arrears

    Learn about the concept of dividends in arrears and which shares of stock guarantee payment of accrued dividends even if the company doesn't turn a profit.
  8. Insights

    These 28 Companies Just Became Very Important

    Only 28 companies are driving 50% of U.S. profit, and only one of them has delivered consistently on revenue, net income, and stock appreciation.
  9. Investing

    What are Class B Shares?

    Class B shares are one classification of common stock issued by corporations.
  10. Investing

    Valuation Of A Preferred Stock

    Determining the value of a preferred stock is important for your portfolio. Learn how it's done.
RELATED FAQS
  1. What is common stock and preferred stock?

    Learn about the differences between common and preferred shares. Explore situations where preferred shares have more favorable ... Read Answer >>
  2. Why would a company issue preference shares instead of common shares?

    Learn about some reasons that corporations might issue preference shares and why investors might value them more than common ... Read Answer >>
  3. What are preferred shares?

    Understand what preferred shares are. Learn about both the benefits and the drawbacks of preferred shares, which effects ... Read Answer >>
  4. What is the difference between Class A shares and other common shares of company's ...

    Discover how a company can break down its common stock into multiple classes and how these classes differ from one another ... Read Answer >>
  5. What are some examples of preferred stock, and why do companies issue it?

    Understand the difference between preferred stock and common stock, and learn the primary reasons why companies issue preferred ... Read Answer >>
  6. What is the difference between the equity market and the stock market?

    Discover the basic information about the equity, or stock, market and the two primary classifications of equities that are ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center