Dividend Period

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Dividend Period

A period of time during which a policyholder of a deferred dividend policy may not receive any dividends that the policy earns. If a policyholder dies during the dividend period, any dividends he/she would have earned are deposited in a fund that pays the dividends of policyholders who survive the period.
References in periodicals archive ?
The monthly dividend periods are from 15 December 2016 to 14 January 2017, 15 January 2017 to 14 February 2017 and from 15 February 2017 to 14 March 2017.
Based on the disclosure, DFNN will have the option, but not the obligation, to redeem the perpetual preferred shares in whole or in part on the fifth year anniversary from issue date or on any dividend payment date thereafter at the redemption price equal to the issue price plus cumulative and unpaid cash dividend, if any, for all dividend periods up to the date of actual redemption.
00% for the four dividend periods ending on or prior to June 26, 2014 and 3.
00% for the Series B Preferred Shares, effective for the eight dividend periods after March 26, 2013.
80% for the Series A Preferred Shares (NYSE MKT:GLU Pr A), effective for all dividend periods after the period ending 27 June 2016.
25 January 2013 -- The board of Trustees of The GDL Fund (NYSE: GDL) has reset the company's annual dividend rate to 3% for the series B Preferred Shares, effective for the eight dividend periods after March 26, 2013.
00% for the dividend periods ending on or prior to March 26, 2012 and thereafter will be reset by the Fund's Board of Trustees and publicly announced in a notice at least 60 days prior to March 26, 2012 for the four dividend periods ending March 26, 2013, at least 60 days prior to March 26, 2013 for the eight dividend periods ending March 26, 2015, and at least 60 days prior to March 26, 2015 for all remaining dividend periods prior to the mandatory redemption date of March 26, 2018.
00% for all future dividend periods and the stock has been approved by the New York Stock Exchange for listing and trading shortly.
Pursuant to the terms of each series of the Company's outstanding preferred stock, the Company may not declare or pay dividends, or set apart any payment for dividends, on or with respect to shares of its common stock unless full cumulative dividends on such series of preferred stock for all past dividend periods and the then current dividend period have been or contemporaneously are either declared and paid in cash or declared and a sum sufficient for the payment of such dividends in cash is set apart for payment.
Under the terms of the redemption, all six million shares will be redeemed at a price equal to the greater of (i) $25 per share or (ii) the sum of the present values of $25 per share and all undeclared dividends for the dividend periods from the redemption date to and including the dividend payment date on September 15, 2010, discounted to the redemption date on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as calculated on September 8, 2006), plus 139.
10% per annum; for subsequent dividend periods, the dividend rate on the shares of APS generally will be based on a rate set at an auction.
After the initial period on each series of shares, all subsequent dividend periods generally are expected to be 7 days in length, and the dividend rate for each subsequent period will be set by an auction conducted by the auction agent.