Dividend Declaration
/ˈdɪvɪˌdɛnd ˌdɛkləˈreɪʃən/
Definitions
- (n.) The formal act by a corporation's board of directors announcing the payment of a dividend to shareholders.
The company's dividend declaration was announced at the quarterly board meeting.
Forms
- dividend declaration
- dividend declarations
Related terms
See also
Commentary
The dividend declaration legally establishes the company's obligation to pay the stated dividend, often recorded in corporate minutes or resolutions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.