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 2.25p.
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.
The agreed price comprises cash of EUR3.6m (USD5m), conditional
deferred dividend of up to EUR3m and an issue of three million Tawa shares at GBP0.10 (USD/EUR) each, the buyer said in a statement.
The USD1.4m 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 1.8 million of shares are also due for redemption.
Deferred dividends on the TARP preferred stock totaled USD4.2 million.
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.
Payments on the
deferred dividends on the TARP preferred stock totalled USD4.2m and were made in May 2015.
Global Banking News-March 17, 2014--First Banks declares deferred interest and
deferred dividends
