This annual dividend is normally paid to shareholders in March each year, but due to the uncertainty of the treatment of dividends for tax purposes, management and the board of directors decided to take no chances for their shareholders and pay the 2009-10 annual dividend right
In order to maximise the quantum of external preference shares issued to third party funders, Sasol will create a new class of unlisted shares, namely preferred ordinary shares with a fixed cumulative dividend right
The preferred shares will have a face value and liquidation preference of $1,000 per share, carry a 6% cumulative dividend right
and be redeemable at the company's option.
In addition to the preferred stock not having a required dividend right
, the preferred stock will not have any preferences over the Company's common stock, including no liquidation preference rights.
The participating shareholders will for each ABB Ltd share receive one ABB Ltd share without dividend rights
(ABB Ltd U), and one dividend right
from ABB Norden Holding AB separated from the share (SR1).
The preferred stock had a liquidation right of $790 per share and a noncumulative annual dividend right
As the United States starts winding down the war in Afghanistan, there will not be a huge peace dividend right
away, but the U.
The dividend right
will be settled on May 17, while the payment will take place June 1, 2010 the bank said.
327 Source: Business Recorder Dividend Announcement Bonus/ Dividend Right
Book Companies (%) (%) Closing Usman Textile XD 300 -- 21.
Nonvoting shares, also known as dividend right
certificates (Genussscheine) or participating certificates (Partizipationsscheine or PS), carry no voting rights, but do pay dividends tied to the dividends on other shares.
Ira Greenstein, President of Genie, said, "We recently offered our stockholders the opportunity to exchange shares of our Class B Common Stock for Preferred Stock, which provides a senior dividend right
and priority on distributions with less participation in the future growth of our businesses.
50 Dividend Announcements Bonus/ Dividend Right
Book Companies (%) (%) Closing A.