Dividend Disbursing Agent


Also found in: Acronyms.

Dividend Disbursing Agent

A commercial bank or financial_institution that disburses dividend to the securityholders. Usually a Transfer Agent is also the Dividend Disbursing Agent.

Dividend Disbursing Agent

A financial institution that, for a fee, distributes dividends to shareholders in a publicly-traded company, investment company, or a similar company. A dividend disbursing agent is particularly important because so many investment companies have a large number of investors who each have a small amount of equity. See also: Transfer Agent.
References in periodicals archive ?
Also, as of January 14, 1999, the company has appointed ChaseMellon Shareholder Services (Los Angeles division), to act as the Company's Registrar, Transfer Agent, and Dividend Disbursing Agent.
serves as the Fund's Transfer and Dividend Disbursing Agent while NBD Bank (a wholly owned subsidiary of First Chicago NBD Corp.
Southern Company Services, as Transfer Agent and Dividend Disbursing Agent, will be responsible for notifying each registered holder by first class mail.