Deferred Dividend

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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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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.
Like insurance companies in other developing countries--including the United States in the 19th century and Japan in the mid-20th century--Chinese insurers have found that deferred dividends appeal to the insurance-resistant.
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.
Global Banking News-March 17, 2014--First Banks declares deferred interest and deferred dividends
According to the firm, the accumulated deferred dividends, plus accrued dividends thereon, are payable on March 31, 2014 to shareholders of record as of the business day immediately preceding the distribution date.
Sun Europe managing director Philip Dougal defended the decision to put the old LDV into temporary administration resulting in unsecured creditors not being paid, the firm's closed final salary scheme being put in the hands of the Pension Protection Fund and employee shareholders losing deferred dividends.
For the first four years after issuance, GulfWest may defer the payment of dividends on the Series G Preferred Stock and these deferred dividends will also be convertible into GulfWest common stock at $0.
The preferred shares accrue value through deferred dividends at an annual rate of 12% for two years, upon which, it may be converted into 7.
When the tax matters are resolved, Cornerstone plans to resume paying dividends (including deferred dividends, if any) in accordance with its existing dividend policy.