Dividends payable

Dividends payable

The declared dividend dollar amount that a company is obligated to pay.

Dividends Payable

The amount that a publicly-traded company is legally obligated to pay for a given period. Some dividends payable, notably for preferred stock, are guaranteed and must always be paid, while others are not and may change from time to time depending upon the company's earnings or cash flow.
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The company also stated that dividends payable in GBP will be converted from USD at the exchange rate quoted at 12 noon on 1 September 2016, by the Bank of England in London, which is USD1 = GBP0.
5 million plus an amount equal to the dividends payable on Forest City stock.