Corporations, Shares, and shareholder rights Shareholder rights o the right to receive declared dividends on a pro rata basis ◆ the right to vote Some companies have more than one class of stock the right to maintain ownership percentage The mechanics of the preemptive right are accomplished by a rights offering Strong c5-Common Stock 5-35 - 3 Strong C5 – Common Stock ◆ the right to receive declared dividends on a pro rata basis ◆ the right to vote - Some companies have more than one class of stock. ◆ the right to maintain ownership percentage - The mechanics of the preemptive right are accomplished by a rights offering. Shareholder Rights Corporations, Shares, and Shareholder Rights