Dividends - is the income shareholders.The order of payment is according to the law common to all joint-stock companies and depends only on the legal form of the company.The payment of dividends by decision of the general meeting of the Company after the counting of income for a certain period of activity on the recommendation of the Board of Directors.The lack of resolution of the General Meeting exclude the payment of dividends and the shareholders demand their right to have until the specified event does not take place.
members of the general meeting shall be entitled to reduce the recommended amount of dividends, but the increase can not be.The amount of dividends declared, excluding taxes.On the dividend is usually spent exactly half of the income that depends on the value of shares on the market, the stage of development of the company.Each shareholder put timely payment of dividends in proportion to the number of shares held by him, if they are acquired for at least a month before the due date of payment.The profitability of the shares depends on the profits of the enterprise and the number of outstanding shares.
founder Dividends may be paid on ordinary or preference shares.Ordinary securities allow owners to participate directly in the company.A preference shares are focused primarily on profit.In the first case, the shareholder will receive dividends only after the liquidation of all debts and satisfaction of creditors' claims.And the owners of preference shares dividend payment made in the first place.They were also stored advantage of getting their share of the value of such shares, if there is a sudden need for liquidation of the company.In addition to preferred shares at their issue set a fixed income that is bound to receive benefits owners of this category of securities, even if the other shareholders to address the general meeting denied the dividends due to loss-making enterprises.
Preferred shares are available in several varieties.They may be convertible and revocable.Convertible preferred shares have the ability to be exchanged for other securities of the same company.And the recall instances entitle its holder to withdraw them from circulation.
and payment of dividends on preferred shares has a different character.According to the results of the Company to holders of preferred securities may be accrued dividends: fixed, floating, with guaranteed, the ex-dividend and cumulative.
payment of dividends can be quarterly, semi-annual or annual, and carried out in full or in part in cash or property paid, ie shares.
Dividends founder only the shares that are available on his hands and fully paid.In the same case, if the shares:
- not posted,
- purchased, but are on the balance sheet of the company,
- redeemed, but at the request of the Board of Directors are at the Company's balance sheet,
- withdrawn at the disposal of the company due to violationscommitted shareholder,
the payment of dividends to shareholders is not charged and is not performed.
considered as illegal actions of the administration of the company, depriving the owner of the dividend shares for serious misconduct.It is illegal, because the shares are not included in the labor sphere, and are connected with the right to dispose of personal property.
