payment date

(redirected from Dates of Payment)

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 ?
The bonds have an amortised repayment structure: 15% of their nominal value will be redeemed on the dates of payment of the 7th, 10th and 15th coupons, 25% on the date of payment of the 12th coupon, and 30% on the date of payment of the 18th coupon.