Common use of Calculating and Compounding Dividends Clause in Contracts

Calculating and Compounding Dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in an account each day. We compound your dividends, even though the law doesn’t require that. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.

Calculating and Compounding Dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in an account each day. We compound your dividendsdivi- dends, even though the law doesn’t require that. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.

Calculating and Compounding Dividends. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in an account each day. Dividends are calculated daily and paid monthly on your Regular Savings Account. We compound your dividends, even though the law doesn’t does not require that. Compounding is more favorable to you, you because once dividends have been earned by your account account, they are added to the balance on which you will continue to earn dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate.