Preference Dividend definition

Preference Dividend means a non-cumulative, non-participating preference dividend;

Preference Dividend means a preferential cash dividend per preference share determined pursuant to the formula contained in 2 below;

Preference Dividend means a dividend payable on a preferred share or preferred stock at a fixed gross rate per cent issued by a resident company before 31st January 1966, or, where a dividend is payable on such a preferred share or preferred stock partly at a fixed gross rate per cent and partly at a variable rate, such part of that dividend as is payable at a fixed gross rate per cent;

Examples of Preference Dividend in a sentence

• Any such Preference Dividend may be paid by any bank or other funds transfer system or, if agreed by the Company, such other means and to or through such person as the holder or joint holders may in writing direct.

• Preference Dividends will be non-cumulative and, to the extent that the Board of Directors or the Committee does not declare a Preference Dividend or any part of a Preference Dividend payable on a Dividend Payment Date, then holders of Preference Shares will have no claim in respect of the non-payment.

• Any Preference Dividend which has remained unclaimed for 12 years from the date when it became due for payment shall, if the Board of Directors so resolves, be forfeited and shall revert to the Company.

• Any Preference Dividend may also be paid by cheque or warrant sent by post addressed to the holder of the Preference Shares at his registered address or, in the case of joint holders, addressed to the holder whose name stands first in the register in respect of the Preference Shares at his address as appearing in such register or addressed to such person at such address as the holder or joint holders may in writing direct.

• Payments in respect of amounts payable by way of Preference Dividend will be subject in all cases to any applicable fiscal or other laws and other regulations.

More Definitions of Preference Dividend

Preference Dividend means a non-cumulative, non-participating, preference cash dividend calculated in accordance with article 83.2.4;

Preference Dividend means a cumulative dividend at the rate of 3% per annum of the Issue Amount and payable on a Preference Share on a Dividend Payment Date (including the Redemption Date);

Preference Dividend means a dividend calculated at the Relevant Rate and payable on a Preference Share on a Dividend Payment Date (including the date on which the Preference Share is redeemed) and such other dates when all moneys owing in respect of the relevant Preference Share has been paid in full;

Preference Dividend means a non-cumulative, non-participating, preference cash dividend, calculated in accordance with clause 40.4;

Preference Dividend means the preferential cash dividend payable to the Holder in accordance with the provisions of clause 3.1;

Preference Dividend the preferential cash dividend payable to the Holder in accordance with the conditions in clause 2.1 of schedule “A”, hereto;

Preference Dividend means a non-cumulative, non-participating, preference cash dividend calculated in accordance with this Schedule 2;