Right to vote on important matters in the company including selection of board of directors
Right to gain from the progress of the company by receiving dividends and capital appreciation of the common stock
Sometimes common stockholders also receive “preemptive rights” which allow them to maintain proportional ownership in the firm on the issuance of new stock.
However, there is one big drawback in holding common stock which is junior status to the creditors and bondholders of the company in case the company is liquidated. Also, the dividends received by the stock holders are not a sure receivable. They might get postponed or cancelled in the event the company is not able to generate sufficient profits.