Deferred Dividend

Deferred Dividend

A type of whole life insurance in which the policyholder does not receive any dividends the policy earns until a certain time (called the dividend period) has passed. If a policyholder dies during the dividend period, any dividends he/she would have earned are deposited in a fund that pays the dividends of policyholders who survive the period. As with all insurance, one must pay premiums receive any benefits at all.
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If however earnings are not distributed from the DISC then the shareholders are subject to an interest charge on this deferred dividend income.
As a result of the likely deferred dividend cover, the board has also cut the 2012 dividend by 50% to 2.
A tontine life insurance policy paid a deferred dividend to policyholders who timely paid their life insurance premiums for a specified period: 10, 15, or 20 years, depending on the policy that the applicant chose.
As noted, a deferred dividend, although it may not itself cause an AMT, could still cause an ACE adjustment that increases tentative minimum tax.
6m (USD5m), conditional deferred dividend of up to EUR3m and an issue of three million Tawa shares at GBP0.
4m in deferred dividend payments were accrued when due and were deducted from capital.
Some pounds 299,000 of deferred dividend payments are already owed to preference shareholders, whose pounds 1.
FirstMerit will repay Citizensa[euro](tm) USD345m worth of TARP preferred stock, including USD45m of estimated deferred dividends, which is held by the US Treasury.
It didn't do much for employees when they found their final salary pension scheme shunted on to the new Pension Protection Fund (which has not said whether it will to pick up the tab) and that the deferred dividends on their shares would not be paid.
Until CPF begins to pay dividends on its trust preferred securities and the deferred dividends are brought current, the ratings on these issues will remain at 'C'.
Payments on the deferred dividends on the TARP preferred stock totalled USD4.