Which of the following is the most correct?

If a company's net income is negative, it cannot pay preferred dividend.

If a company's net income is negative, it can still pay a very high dividend to its stockholders.

If a company's net income is negative, it cannot pay common stock dividend higher than its preferred stock dividend.

If a company's net income is negative, it cannot pay common stock dividend.

If a company's net income is negative, it cannot pay common stock dividend higher than its interest payment.