The class of shares to which payment of dividend depends on profit is

The class of shares to which payment of dividend depends on profit is called "ordinary shares". These shares are also known as "common shares" and are the most commonly issued type of shares by companies. The holders of ordinary shares are entitled to vote on important matters relating to the company such as the appointment of directors and the approval of major decisions. The payment of dividends to ordinary shareholders is dependent on the profitability of the company. If the company makes a profit, the board of directors may declare a dividend to be paid to the ordinary shareholders. If the company does not make a profit, there may be no dividend declared for that period.