distribution_type

├── cumulative
└── non_cumulative

The instrument’s coupon/dividend distribution type, such as cumulative or noncumulative. Refer to https://www.federalreserve.gov/apps/reportingforms/Report/Index/FR_Y-14Q for more information.

cumulative

Indicates that any missed dividend payments must be paid to preferred shareholders before common shareholders can receive dividends. These unpaid dividends accumulate and must be paid in full before any dividends can be paid to common shareholders.

non_cumulative

Indicates that if a dividend payment is missed, it is not required to be paid in the future. The company is not obligated to make up for missed dividend payments to preferred shareholders.