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Outstanding Dividends

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Outstanding Dividends
Dividend checks which have been mailed to shareholders of record but not yet cashed. Funds are held until the check is paid, reissued or escheated to the state as abandoned property.

Outstanding Dividends
Dividends that have been sent by check to shareholders but have not yet been deposited into shareholders' accounts. Companies treat outstanding dividends as if they have already been paid; however, the funds remain with the company until either the checks clear or the funds revert to the state as abandoned property. See also: Declared dividend, Ex-dividend, Check hold.


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These revisions require liability classification for preference shares that could be settled by issuing a variable number of Dominion's common shares in exchange for the preference shares and any outstanding dividends thereon.
On Friday, the Board elected to pay all outstanding dividends in arrears, as well as a regular quarterly dividend.
The exchange constitutes full satisfaction of any amount due the shareholder, including any outstanding dividends.
 
 
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