Examples of Dividend Commencement Date in a sentence
The Preferred Dividend Commencement Date shall be the first day of the fifth full fiscal quarter of the corporation beginning after the first issuance of Preferred A Shares (which date for reference purposes is May 21, 1985).
Unless otherwise declared by the Board of Directors, no dividends shall accrue or cumulate on the Preferred A Shares before the Preferred Dividend Commencement Date.
Commencing on the Dividend Commencement Date, the Holders of the Preferred Units shall be entitled to receive cumulative dividends at the per unit rate of six and a half percent (6.5%) per annum of the Face Value of each outstanding Preferred Unit.
Such dividends shall, beginning on the Mandatory Dividend Commencement Date, be cumulative and payable (if declared) quarterly on each Applicable Quarterly Dividend Payment Date (except that if such date is not a Business Day (as defined below), then such dividend will be payable on the preceding Business Day) to the holders of record at the close of business on the date specified by the Board at the time such dividend is declared.
Accrued dividends on the Series F Preferred Stock shall be payable out of funds legally available therefor on March 31, June 30, September 30 and December 31 of each year (each a "Dividend Payment Date"), commencing on the Dividend Commencement Date (as defined below), to the holders of record of the Series F Preferred Stock as of the close of business on the applicable record date.