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Issuance of shares of preferred or special classes in series. Preference shares are company stock with dividends that are paid to shareholders before common stock dividends are paid out.Sec. 6.10. Issuance of shares of preferred or special classes in series. A corporation may issue two basic classes or types of capital stock, common and preferred, both of which can receive dividends. As of the beginning of 20XC, 25,000 shares of preferred stock and 600,000 shares of common stock have been issued. This means that based on our 516,820,595 shares outstanding, we will be issuing a dividend of 516,820,595 AMC Preferred Equity units.