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Section 2(35) of the Companies Act, 2013 defines the word ‘Dividend’ as ‘including any interim dividend’. In easy terms, it can be defined as the portion of profits that are distributed by the Company amongst its shareholders. It can be paid to Equity shareholders as well as preference shareholders.
If the dividend is declared in between a Financial Year or before Annual General Meeting (AGM) has been called, it shall be considered as an Interim Dividend. If the dividend is declared in the AGM, it shall be called the Final Dividend. In case the company has incurred losses during the current financial year up to the end of the quarter immediately preceding the date of declaration of interim dividend, the rate of interim dividend to be declared shall not be more than the average dividends declared by the company during the last 3 financial years.
What else can I help you with?
What is the dividend of ninety seven by sixty?
The dividend is 97.The dividend is 97.The dividend is 97.The dividend is 97.
What is the number your dividing called?
THe answer is dividend. THe answer is dividend.
What is the journal of Dividend Income?
If dividend income received: Debit Cash / bank Credit Dividend income If dividend income receivable: Debit Dividend income receivable Credit Dividend income
What does dividend meen?
A dividend is a no. which is divided
What is Dividend Disbursement?
Dividend Disbursement
What is the journal entry for dividends receivable?
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
How do you record declared cash dividend?
A declared cash dividend is recorded by debiting the dividend account and crediting the dividend payable account.
What is the difference between a divisor and dividend?
Divisor: the number by which a dividend is divided Dividend: a number to be divided
What is relative dividend yield?
Relative Dividend Yield is dividend yield of a stock compared the dividend yield of the S&P 500
What is a dividend factor?
Dividend factor = Net earned income / dividend earning shares
What is the double entry for proposed dividend?
[Debit] Proposed dividend [Credit] Dividend payable
What is interium dividend?
Interim Dividend: Companies can pay dividend at the end of financial year which is called final dividend but sometimes companies declare two dividends one in the middle of the financial years that dividend is called interim dividend and then one at the end of the financial year which is called final dividend.
