Dividends

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5 Terms

1
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Which dividends are ordinary shareholders entitled to?

Interim and Final

2
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What is a final dividend?

A dividend declared after the financial year end

3
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What is an interim dividend?

A dividend paid during and in respect of the current accounting period

4
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What is the process for a final dividend?

It must be recommended by the directors in their report and then approved by the shareholders by ordinary resolution

5
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What is the process for an interim dividend?

The model articles allow for payment of interim dividends without shareholder approval