Cumulative Dividend definition
Examples of Cumulative Dividend in a sentence
Second, the product obtained in the first step above will be multiplied by the sum of (x) 1.0 and (y) the Company’s Cumulative Dividend Yield over the Performance Period.
Effective as of January 1, 2013 and as of each five-year anniversary of January 1, 2013, the Cumulative Dividend Account balance shall be reset to zero.
If, after adjusting for the Current Period Surplus / (Deficit) but before adjusting for the Performance Fee, the Cumulative Dividend Account as of the end of the Fiscal Year in respect of which the Performance Fee is being calculated is negative, no Performance Fee will be payable.
Dividends for any Dividend Period that ends during the Cumulative Dividend Period that have not been paid on the regular Dividend Payment Date may be declared and paid at any time during the Cumulative Dividend Period, without reference to any Dividend Payment Date for that Dividend Period, to holders of record of the Stock on such date as may be fixed by the Board of Directors or duly authorized committee of the Board of Directors.
For purposes of this provision, the Cumulative Dividend Multiplier is calculated by dividing the share value, after a dividend distribution, into the share value without regard to the dividend distribution, multiplied by the previous Dividend Multiplier.
For purposes of this provision, the Cumulative Dividend Multiplier is calculated by dividing the share value, after a dividend distribution, into the share value without regard to the dividend distribution, multiplied by the previous Cumulative Dividend Multiplier.
Any dividend payment actually made during the Cumulative Dividend Period on shares of Stock will first be credited against dividends computed with respect to Dividend Periods for the shares of Perpetual Preferred Stock, Series A for which dividends have not been paid in full, beginning with the first such period.
The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Fund has agreed, among other things, to purchase 1,000 shares of its Series A Preferred Stock, 4% Cumulative Dividend (the "Preferred Stock").
In performing the Services, CONSULTANT shall assign qualified personnel and perform such Services in accordance with the professional standards and with the skill, diligence and quality control/quality assurance measures expected of a recognized professional consulting firm performing services of a similar nature.
At Effectiveness, following the common stock redemption at Closing described in the recitals hereto, (a) all remaining outstanding shares of the common stock of the Company (consisting of 63,375 shares) shall be transferred to RBI, (b) all outstanding shares of the preferred stock of the Company (consisting of 11,000 shares of the $15 Cumulative Dividend Convertible Class A Preferred Stock) shall be surrendered to the Company for cancellation; (c) all outstanding shares of Merger Corp.