Date of payment


Also found in: Acronyms.

Date of payment

Date dividend checks are mailed.

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.
References in periodicals archive ?
In addition, C will be assessed deficiency interest on the $276,728 from 3/15/94 to the date of payment for both the $1,000,000 plus the appropriate deficiency interest.
If the taxpayer had unsuccessfully litigated the case, interest would be due on the penalties from the return's due date, including extensions, until the date of payment.
The planning point made clear by Allen is that a nonfiling taxpayer that receives a deficiency notice more than two years from the date of payment but less than three years from the due date of the return should first evaluate whether it will be entitled to a refund.