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Dividend Right

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Dividend Right
The right of a shareholder to receive the same dividend that other shareholders of the same class receive. That is, if one holds common stock with no special features and the company declares that each shareholder is entitled to a 9 cents per share dividend, the company cannot arbitrarily decide to pay one shareholder any more or less than 9 cents per share.


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The dividend right will be settled on May 17, while the payment will take place June 1, 2010 the bank said.
Walmex will pay about $110 million in cash, the Journal article said, while Wal-Mart Centroamerica shareholders will receive 593 million new Walmex shares without 2009 dividend rights.
The new shares will be subject to all the provisions of the law and the bylaws and carry dividend rights from January 1, 2009.
 
 
 
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