can ne1 temme whether pref dividend will be paid for the whole year or part year when shares are issued between d year....say in october.....?????
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can Preference dividend be paid for part of the year ???
Replies (6)
When preference shares are issued during the year, then the dividend for that year has to be paid for those particular months only.
thank u rasesh...i thot so,,,,bt can u tell me wer exactly is dis provision given.....??? as in there's nothing specifically stated in d act regarding this acc 2 me...!!!
The dividend rate for preference shares is pre-decided and the series of shares issued also state somethng like this: 10% RNCP Shares of Rs. ___ each.
10% is the rate per annum and hence when pref shares are issued during the year, the dividend has to be paid only pro rata.
| Originally posted by : Rasesh | ||
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The dividend rate for preference shares is pre-decided and the series of shares issued also state somethng like this: 10% RNCP Shares of Rs. ___ each. 10% is the rate per annum and hence when pref shares are issued during the year, the dividend has to be paid only pro rata. |
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cool.....k :)
Hey..i doubt this is the case..10% never means per annum..it always means percentage of FV to be declared as dividend..so could you kindly paste the source from which you gathered the information that it is per annum..interest is always per annum but dividend is always as a percentage of FV
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