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Which dividends are ordinary shareholders entitled to?
Interim and Final
What is a final dividend?
A dividend declared after the financial year end
What is an interim dividend?
A dividend paid during and in respect of the current accounting period
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
What is the process for an interim dividend?
The model articles allow for payment of interim dividends without shareholder approval