Dividend rights

Dividend rights

A shareholder's rights to receive per-share dividends identical to those other shareholders receive.

Dividend Right

The right of a shareholder to receive the same dividend that other shareholders of the same class receive. That is, if one holds common stock with no special features and the company declares that each shareholder is entitled to a 9 cents per share dividend, the company cannot arbitrarily decide to pay one shareholder any more or less than 9 cents per share.
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CVAN retained voting and certain dividend rights in the pledged shares during the term of the contract but is required to make cash payments upon the occurrence of certain dividends declared prior to the maturity date, the filing stated.
As a consequence, 10,047,337 new shares representing 0.38 % of TOTAL S.A.s share capital as of April 30, 2019 will be issued on June 6, 2019, will carry immediate dividend rights and will be fully assimilated with existing TOTAL shares already listed on Euronext Paris.
Tenax said the series A convertible preferred stock issued in this transaction includes a beneficial ownership limitation on conversion, but has no dividend rights (except to the extent that dividends are also paid on the common stock), liquidation preference or other preferences over common stock, and has no voting rights (with certain customary exceptions).
The third modificationwhich, unlike the first two, was made after Treasury's purchasing authority had expiredintroduced a variable dividend under which Treasury's dividend rights were set equal to the companies' outstanding net worth.<br />That net-worth dividend, sometimes called the Net Worth Sweep, is at the heart of this litigation.
The 1,018,500 new free shares will bear dividend rights from 01/01/2017 and will be directly assimilated to the old shares.
The Dual Share System, or issue of equity shares with different voting and dividend rights, was first introduced in 1844 in Germany, where railway corporations issued preference shares without voting rights.
Total added that shares issued in this way will carry immediate dividend rights and will accordingly give the right to any distribution decided from the date they are issued and an application will be made to admit the new shares for trading on the Euronext Paris market.
In conclusion, treasury shares do not have voting rights or dividend rights. In addition, a company may only acquire the number of shares which equals or is less than 10% of its issued share capital according to the market value of the company's shares and it may acquire its shares only if the company's memorandum and articles of association provide that it may do so.
The DAS was created to provide enhanced dividend rights to HMT on the new capital support provided.
Dividend stripping involves buying a stock just before its dividend rights expire, then selling it, taking advantage of a now-closed legal loophole that allowed both buyer and seller to claim tax credits.
The reference price for the newly issued shares is us usd10.02, resulting in a conversion ratio of 1 newly issued share for every 61.6615 dividend rights held.
This final exchange parity factors in an extraordinary dividend of EUR 0.45 for each MPI share with dividend rights.