Dividend Paying Agent

Dividend Paying Agent

A person or, more commonly, a corporation that a publicly-traded company hires to pay dividends to shareholders. The dividend paying agent receives a fee for this service. See also: Transfer agent.
References in periodicals archive ?
While filing at the Philippine Stock Exchange, URC stated that, The management of BPI decided to confine its services as stock transfer and dividend paying agent to BPI, its subsidiaries and affiliates.