Dividend Declaration Sample Clauses
A Dividend Declaration clause outlines the process and authority for a company to announce and distribute dividends to its shareholders. Typically, this clause specifies who within the company—such as the board of directors—has the power to declare dividends, the conditions under which dividends may be paid, and the timing or frequency of such distributions. Its core practical function is to provide a clear framework for distributing profits, ensuring transparency and consistency in how and when shareholders receive returns on their investment.
Dividend Declaration. Subject to requirements under applicable Laws, dividend on a Share may be declared by the Board by way of a resolution, or by the Shareholders by way of an Ordinary Resolution, provided that no dividend declared by the Shareholders may exceed the amount recommended by the Board.
Dividend Declaration. The Company agrees that between the date hereof and the Closing Date (assuming such date is not later than November 7, 2007) it will not declare a dividend on its Common Stock or set a record date for such dividend on or prior to the Closing Date (assuming such date is not later than November 7, 2007).
Dividend Declaration. The Board of Directors has effected the dividend increase of 6% per share previously announced on April 8, 2015 by declaring a quarterly dividend of US$0.12 per share (representing US$0.48 per annum), payable on June 30, 2015 to shareholders of record as at the close of business on May 29, 2015. This dividend will be paid following the three-for-two stock split of the Class A Shares that will occur on May 12, 2015, and represents, on a pre-split basis, $0.18 per share (or $0.72 per annum).
Dividend Declaration. The Corporation shall declare a dividend or distribution on Units of Series B Preferred Stock as provided in paragraph (a) above immediately after it declares a dividend or distribution on the shares of Common Stock (other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock, by reclassification or otherwise); provided, however, that, in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a dividend of $.001 per Unit on the Series B Preferred Stock shall nevertheless be payable on such subsequent Quarterly Dividend Payment Date.
Dividend Declaration. The Company’s board shall authorize and the Company shall declare dividends on the Preferred Stock no later than twenty (20) days prior to the applicable dividend payment date.