Examples of Initial Dividend Payment Date in a sentence
Dividends on the shares of this Series shall be payable, when, as and if declared by the Board of Directors, quarterly in arrears on February 16, May 16, August 16 and November 16 of each year (each, a “Dividend Payment Date”), commencing on the Initial Dividend Payment Date.
The dividend periods (each, a "Dividend Period") shall be as follows: The initial Dividend Period shall begin on the Date of Original Issue and end on the Initial Dividend Payment Date, and each Dividend Period thereafter shall commence on the day following the last day of the preceding Dividend Period and shall end on the next Dividend Payment Date.
After the Initial Dividend Payment Date, dividends on the Series A Preferred Stock shall be payable quarterly in arrears commencing on the last day of the calendar quarter immediately following the Initial Dividend Payment Date (each such quarterly dividend payment date is referred to herein as a "Quarterly Dividend Payment Date" and, together with the Annual Dividend Payment Date, a "Dividend Payment Date").
The dividend payment to be made on the Initial Dividend Payment Date shall include a prorated accrued dividend for the period between the Date of Original Issue and September 30, 2003.
Such notice shall be given on each Dividend Payment Date (including the Initial Dividend Payment Date), and, prior to the Debenture Repayment Date, shall be given each December 31, March 31, June 30 and September 30.