Dividend Paying Agent

Dividend Paying Agent

A person or, more commonly, a corporation that a publicly-traded company hires to pay dividends to shareholders. The dividend paying agent receives a fee for this service. See also: Transfer agent.
References in periodicals archive ?
While filing at the Philippine Stock Exchange, URC stated that, The management of BPI decided to confine its services as stock transfer and dividend paying agent to BPI, its subsidiaries and affiliates.
The exact timing of the cash dividend payment and, for certain shareholders the exact amount of the cash payment to be received, will be dependent upon the timing of the completion by the dividend paying agent of certain tax certification procedures.
Shareholders of record of UDR's common or preferred stock will receive an Internal Revenue Service Form 1099-DIV from Wells Fargo Shareowner Services, the Company's 2005 dividend paying agent.
Shareholders of record of UDR's common or preferred stock will receive an Internal Revenue Service Form 1099-DIV from Mellon Investor Services LLC, the Company's 2003 dividend paying agent.
Registered shareholders holding common stock of RFS Hotel Investors at anytime during the year will receive a corrected form 1099-DIV from Sun Trust Bank, the Company's dividend paying agent.
Registered shareholders of United Dominion's common or preferred stock at anytime during the year will receive an Internal Revenue Service Form 1099-DIV from ChaseMellon Shareholder Services, LLC, the Company's dividend paying agent.
Registered shareholders holding common stock of Hersha Hospitality Trust at anytime during the year will receive an Internal Revenue Service Form 1099-DIV from First Union National Bank, the Company's dividend paying agent.
stock at anytime during the year will receive an Internal Revenue Service Form 1099-DIV from ChaseMellon Shareholders Services, LLC, the Company's dividend paying agent.
The dividends will be paid in additional shares of the company's stock unless the stockholder requests payment in cash, notice of which is required to be returned to the company's dividend paying agent by Nov.
The dividends will be paid in additional shares of the company's stock unless the stockholder requested payment in cash, notice of which was required to be returned to the company's dividend paying agent by Dec.