book closure


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Book Closure

The date on which a publicly-traded company announces that a shareholder is entitled to a dividend. Theoretically, only those who own a stock on the announcement date should be entitled to a dividend; however, because shares change hands so often, actually calculating this can become quite complex. To make the process easier, the company may simply announce a book closure date at some point in the near future, which means that whoever owns a share on that day may claim a declared dividend.

book closure

1. The termination of announced benefits to new shareholders. For example, a company announces a specific date on which it will close the firm's books for shareholders to receive a dividend.
References in periodicals archive ?
If a portion of stock dividend does not amount to one full share, shareholders may arrange pooling together their fractional shares to form one full share and register at the stock affair department of MasterLink Securities within 5 five days starting from the book closure date.
In addition, we would also like to confirm that the book closure date for the purpose of Annual General Meeting and Final Dividend is June 17, 2015 (not June 17, 2015 to June 22, 2015 as mentioned earlier).
The book closure date for the shareholders to receive rights to subscribe for PMTA shares is 10 February 2015 with the XB symbol to be displayed on 5 February 2015.
The company has announced its book closure amid 10th and 17th September, 2017, for paying dividend of INR 1 to its shareholders.
The book closure for this entitlement shall be announced separately.
It said that no interest would accrue on the bonds after September 25, 2009 and the book closure of the 54th series would be observed with effect from August 26, 2009.
Basing his work on Marianna Togovnik's seminal book Closure in the Novel (1981), Gaetan Brulotte examines the endings of stories; by showing the various strategies that writers from Kafka to Sartre and Musil use to avoid bringing their novels to a conclusion, Brulotte points out that short stories (including his own) demand an ending, even before their actual composition.
Recently, in response to continued investor concerns related to the global economic environment, increased central bank gold purchases, and news of a significant hedge book closure, gold prices are trading near an all time high.
In this connection we would like to advise that tentative time-line for book building exercise will be after completion of the book closure period (March, 1, 2012 to March 8, 2012) already announced by PPL for determining the entitlement of the shareholders to interim dividend 2012.
The company will book closure costs in 2009 of approximately $25 million (primarily severance) and expects to incur other closure related costs of approximately $15 million in 2010.
AGM on April 28, book closure from April 27 to May 5.
The book closure arrangements between 16th July, 1998 to 23rd July, 1998 for the Existing Warrants will accordingly be cancelled.