payment date

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Payment date

The date on which shareholders of record will be sent a check for the declared dividend.

Payment Date

The dates on which stockholders are sent dividend payments. That is, the payment dates are the dates where stockholders receive dividends that they are either guaranteed (for preferred stock) or that was previously declared by the company (for common stock). Payment dates are fixed for preferred stock because the dividends are contractually guaranteed; however, they may change for common stock, particularly when the company changes its plowback rate. See also: Interest Dates.

payment date

The date on which a dividend will be paid to stockholders or on which interest will be paid to bondholders by the issuers' paying agents. In some cases, the issuers will have the payments made a day early so that the security holders will receive payment on the payment date.
References in periodicals archive ?
08 per share, which has the same record and payment dates.
Effective with this dividend, the expected payment dates move from the 15th of the month to the 28th.
The declaration, record and payment dates of the regular January 2007 distribution have been accelerated to allow the Fund to meet its 2006 distribution requirements for federal excise tax purposes.
The distribution represents an acceleration in the declaration, record and payment dates of the Fund's regularly scheduled monthly distribution for January.
The ratings of the Class I and Class II Notes address the likelihood that investors will receive full and timely payments of interest on scheduled interest payment dates, as well as the stated balance of principal on the final payment date.
As previously announced, the board has changed its current policy for dividend record and payment dates effective upon the closing of the merger.
The rating of the class A note addresses the likelihood that investors will receive full and timely payments of interest on scheduled interest payment dates, as well as the stated balance of original principal by the final payment date.
The ratings of the class A-1a and A-1b notes address the likelihood that investors will receive full and timely payments of interest on scheduled interest payment dates, as well as the stated balance of principal on the final payment date.
The Board also announced a change to its policy for dividend record and payment dates that will take effect after the closing of the merger.
This dividend represents an acceleration in the declaration, record and payment dates of the Fund's regularly scheduled monthly dividend for January.
The dividend distribution represents an acceleration in the declaration, record and payment dates of the Fund's regularly scheduled monthly dividend for January.
The rating of the class C notes addresses the likelihood that investors will receive full and timely payments of interest on scheduled interest payment dates, as well as the stated balance of original principal by the final payment date.