Preference Dividend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2010
Is it mandatory to pay Cumulative Preference Dividend each and every year or it should be paid at the time of redemption the cumulative dividend amount,and every year is it necessary to make the provision for such Preference Dividend
11 May 2010
If there is adequate profit every year to pay the preference dividend then it must be paid every year. If profits adequate then provision should be made in the books
If not then should be paid at the time of maturity.
If not then should be paid at the time of maturity.
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