Payable date

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Payable date

The date when dividends or capital gains are paid to shareholders or reinvested in additional shares.

Payable Date

The date on which dividends are given to shareholders, who may either receive a check from the company or elect to receive more shares.
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But "there are inherent risks associated with allocating late and unidentified payments," the paper says, and "while the practice of allocating all entitlements on the payable dates has provided a great deal of certainty for DTC participants and their customers, the exposure to credit and liquidity risk in an increasingly complex financial and regulatory environment has grown to unacceptable levels.
This change will affect issuers because the timely funding of paying agents or of DTC is critical to ensure that entitlements continue to be paid to bondholders on the payable date.
Several years ago, the record and payable dates of a stock dividend for the ADR of a Japanese company overlapped with its Japanese counterpart, resulting in erroneous distribution of a large number of "bonus" shares, much to the chagrin of the agent bank, which still is trying to retrieve the shares.
In many countries, interest and dividends are not paid consistently on the payable date.
The initiative has also had a beneficial effect on our custody business because there is a smoother payment process on payable dates, which reduces risk in the payment cycle.
The percentage of P&I entitlements allocated on the payable date - including those identified payments received just after the 3:00 p.
declared a quarterly cash dividend to holders of its exchangeable shares (TSE: BWX) in the same amount with the same record and payable dates.
After approval, the Board will set the record and payable dates for the split, expected sometime in early to mid- March.
The record and payable dates will be announced at the time the dividend is declared.
50 per share on its $100 Par Serial Preferred Stock with the same record and payable dates.
The record and payable dates for the cash dividend will also be May 4 and May 22, 1998, respectively.
Bradley"), we have changed our record and payable dates to be consistent with Bradley's.