Like insurance companies in other developing countries--including the United States in the 19th century and Japan in the mid-20th century--Chinese insurers have found that deferred dividends
appeal to the insurance-resistant.
In addition, GulfWest amended the terms of its 9,000 shares of Series E Preferred Stock such that the coupon of 6% per year they bear may be deferred for the next four years and these deferred dividends
will be convertible into Common Stock at conversion price of $0.
The cumulative feature requires Premier to pay all deferred dividends
prior to declaring any dividends to holders of common stock.
When the tax matters are resolved, Cornerstone plans to resume paying dividends (including deferred dividends
, if any) in accordance with its existing dividend policy.
If the deferred dividends
are not paid in cash prior to April 2, 2001, the company then will be obligated to pay the deferred dividends
in additional shares of Series C Preferred Stock.
2 billion bank holding company, with banking locations in Kentucky, Ohio, West Virginia, Virginia, Washington DC, and Maryland announced that it received approval from the Federal Reserve Bank of Richmond ("FRB") and the Federal Reserve Board of Governors ("Board of Governors") to pay the regularly scheduled quarterly dividend due May 16, 2011 and the prior two deferred dividends
on Premier's Series A Preferred Stock owned by the U.
60) (x) The loss per share reported includes deferred dividends
not booked of $1,281,000 for the quarter and $3,906,000 year to date.
484375 per share of deferred dividends
plus approximately $0.
It didn't do much for employees when they found their final salary pension scheme shunted on to the new Pension Protection Fund (which has not said whether it will to pick up the tab) and that the deferred dividends
on their shares would not be paid.
UK Amortisation Share Pensions Deferred Dividends
Until CPF begins to pay dividends on its trust preferred securities and the deferred dividends
are brought current, the ratings on these issues will remain at 'C'.
Payments of the deferred dividends
were made in May 2015.