Orange California Guaranty of Payment of Dividends on Stocks is a legal agreement that provides assurance to stockholders that they will receive their entitled dividends on their investments in various types of stocks. This Guaranty acts as a protection for stockholders, ensuring that they will receive their expected returns. Orange California Guaranty of Payment of Dividends on Stocks can be categorized into different types based on their specific terms and conditions. Some different types include: 1. Fixed Dividend Guaranty: This type of Guaranty ensures that stockholders will receive a fixed dividend amount on their stocks. It guarantees a predictable income stream, assuring investors of a consistent return on their investment. 2. Variable Dividend Guaranty: Unlike the fixed dividend Guaranty, this type guarantees payment of dividends that can vary based on the performance of the stocks or the company. It offers the potential for higher returns if the stocks perform well. 3. Accumulating Dividend Guaranty: This Guaranty ensures that any unpaid dividends are accumulated and will be paid in the future. It provides an opportunity for stockholders to receive their dividends at a later date if there are any delays or financial difficulties in payment. 4. Non-Cumulative Dividend Guaranty: This Guaranty guarantees the payment of dividends only for the current period and does not accumulate or carry forward any unpaid dividends from previous periods. If the company fails to pay dividends in a particular period, the stockholders will not be entitled to receive those unpaid dividends in the future. 5. Preferred Stock Dividend Guaranty: This type of Guaranty specifically applies to preferred stocks. It ensures that preferred stockholders will receive their entitled dividends before common stockholders. It offers a priority in dividend payments for preferred stockholders, providing them with a predetermined dividend amount. Overall, Orange California Guaranty of Payment of Dividends on Stocks offers stockholders assurance that their investments will yield the expected dividends. Different types of Guaranties cater to different investment preferences, providing flexibility and security to investors seeking reliable financial returns.