Accrued Dividend

Accrued Dividend

A dividend that a publicly-traded company has declared but on which payment is not yet due. For example, if a company declares a dividend on May 31 to be paid on June 30, it is considered an accrued dividend between those two dates. An accrued dividend is listed as a liability on the company's balance sheet. It should not be confused with an accumulated dividend.
References in periodicals archive ?
It claimed the aggregate of those amounts on its returns for 1990 through 1995 as a deduction for an accrued dividend under IRC Section 808.
The company has paid the US Treasury a total of USD262.5m, plus an accrued dividend of USD1.9m.
(The accrued dividend for 2010 is KZT2,010 since prefs were issued only at the start of 2Q10.)
Upon completing due diligence and deeming a venture to be worthy of a capital commitment, the investor reviews the company's anticipated revenue projections to identify a period in the future (beginning at 30 or 36 months out) at which the company's cash flow model and pro forma balance sheet suggest that it would be able to return the investor's initial capital contribution and an accrued dividend.
After the settlement with the creditors, the accrued dividend shall be paid to the holders of preference shares with a cumulative dividend.
Shares of Class B preferred stock will be traded for three shares of common stock, plus accrued dividend.
Finally, the company bought back the remaining 280,000 outstanding shares of the preferred stock for USD9.1m, plus an accrued dividend of USD874,000, using the proceeds of a USD10m new term loan under its current credit agreement with Fifth Third Bank, amended under a second amendment to Credit Agreement and Limited Waiver.
The company paid USD3.3m, which was 100% of par value, to repurchase the preferred shares along with the accrued dividend for the shares repurchased.
Treasury a total of USD 45 m of the remaining USD 176m of the USD 216m it received under the Capital Purchase Program, plus an accrued dividend of USD 475,000.
The company has also paid the US Treasury a sum of USD262.5m, plus an accrued dividend of USD1.1m.
The company paid USD71.6m (EUR56.5m) to the Treasury, with the sum including accrued dividend of some USD346,000.
Bank holding company WesBanco (NASDAQ: WSBC) has repurchased from the US Department of the Treasury 75,000 shares of the company's fixed rate cumulative perpetual preferred stock, series-A, at a purchase price of USD75m plus a final accrued dividend of USD250,000, after receiving approval from the Treasury and appropriate regulatory authorities.