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Dividend

A taxable payment declared by a company's board of directors and distributed to its shareholders in proportion to the number of shares owned. When there is more than one class of stock, e.g., when both Preferred stock and Common stock are outstanding, the dividend is distributed in proporion to the number of shares owned of class of stock on which the dividend was declared.

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Steven Huddart
Smeal College of Business, Penn State University, University Park, PA 16802-3603 USA
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http://www.personal.psu.edu/sjh11/OptionGlossary/Dividend.shtml
was last updated on Wed, Oct 7, 2009.
Today is Fri, Nov 27, 2009.

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