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Optional Dividend

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Optional dividend
A dividends that the shareholder can elect to receive either in cash or in stock.

Optional Dividend
A dividend where the shareholder may choose how to receive it. Generally speaking, the shareholder may choose between receiving the dividend in cash or in stock. See also: PIK.

optional dividend
A dividend in which the shareholder may choose among two or more forms of payment. For example, a firm's directors may give the shareholders a choice between cash or an equal dollar amount of stock.


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Fitch views the trust preferred securities as having significant equity-like flexibility to LGI's capital base due to their long maturity and optional dividend deferral.
Fitch views the trust preferred securities as having significant equity-like flexibility to LGI's capital base due to their long maturity and optional dividend deferral.
Fitch views the trust preferred securities as having significant equity-like flexibility to NOR's capital base due to their long maturity and optional dividend deferral.
 
 
 
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