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Declared Dividend
(redirected from Unpaid Dividends)

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Declared Dividend
A dividend that a company has been announced but not yet paid. See also: Ex-dividend.

declared dividend
A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment.


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CPF previously reported that the conditions of the definitive agreements it entered into with two lead investors on November 4, 2010, included the exchange of TARP preferred stock for common stock at a value of 25% of the aggregate liquidation preference of the TARP preferred stock and 100% of the amount of accrued and unpaid dividends and a price of $0.
7625 per share of Series A preferred stock, plus accumulated and unpaid dividends to the Redemption Date of $0.
Unpaid dividends on the Series A Preferred Shares accumulate until paid.
 
 
 
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