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Dividend Payment Date
(redirected from Dividend Payment Dates)

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Dividend Payment Date
The dates on which stockholders are sent dividend payments. That is, the dividend payment dates are the dates where stockholders receive dividends that they are either guaranteed (for preferred stock) or that was previously declared by the company (for common stock). Dividend payment dates are fixed for preferred stock because the dividends are contractually guaranteed; however, they may change for common stock, particularly when the company changes its plowback rate. See also: Interest Dates.

dividend payment date
The date on which an issuer's paying agent will send dividend payments to stockholders. See also ex-dividend date, payment date.


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There will be no change in the timing of the quarterly dividend payment dates, currently set as the last day of the month of each quarter, subject to declaration by the Board.
Thus, the expected 2007 dividend payment dates for the remainder of the year are: May 28, August 28 and November 28, or the first business day following in the event that date falls on a weekend or bank holiday.
Dividends on the Preferred Stock are cumulative from the date of original issue and accrue each quarter to the dividend payment dates of the fifteenth day of January, April, July and October of each year.
 
 
 
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