Michael bought stock in a large consumer products company. As a stockholder, he is prioritized in the distribution of a firm's dividends, but he doesn't have voting and control rights. What type of stockholder is Michael?

a. a common stockholder
b. a preemptive stockholder
c. a proxy stockholder
d. a secured stockholder
e. a preferred stockholder

Respuesta :

Answer:

Preferred stockholder

Explanation:

Shareholders are investors that buy company shares in order to gain ownership in the company.

The company gives shareholders dividends on their shares owned out of profit.

Preferred stockholders are paid before other stockholders are settled.

However they do not have voting and controlling rights.

In the scenario above Michael is a preferred stockholder.