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 ?
Registered holders of Depositary Shares will receive an Internal Revenue Service Form 1099-DIV from American Stock Transfer & Trust Company, La Quinta Properties' dividend paying agent.
Registered preferred shareholders holding FelCor Lodging Trust Incorporated preferred shares at anytime during the year will receive an Internal Revenue Service Form 1099-DIV from SunTrust Bank, the Company's dividend paying agent.
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.
The transfer agent and dividend paying agent for EVEREN's common stock is Harris Trust and Savings Bank.
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.
First Chicago Trust Company of New York is the dividend paying agent for the two classes of common stock.
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.
On November 1, 1999 the Company's dividend paying agent, Harris Trust and Savings Bank, paid the Company's previously declared dividend without proper authority from the Company and without affording the Company the opportunity to announce that the dividend's payment would have been delayed.
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 holding common stock of FelCor Lodging Trust Incorporated at anytime during the year will receive an Internal Revenue Service Form 1099-DIV from SunTrust Bank, the Company's dividend paying agent.
Chase Mellon Shareholder Services is the dividend paying agent for the two classes of preferred stock.
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.