A preferred shareholders is typically granted the right to Multiple Choice Receive payment prior to the creditors in a liquidation Collect prior dividends which were unpaid provided that the stock is noncumulative. First priority for any dividend distributions. Vote for the members of the board of directors, Vote on any proposed merger or acquisition 5 Payments in the form of either cash, stock, or payments in kind made by a corporation to its shareholders are called: Multiple Choice Redistributions Infused equity. Dividends. Retained earings. Net income