pro rata

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Pro rata

Shared or divided according to a ratio or in proportion to participation.

Pro Rata

Describing a distribution according to some proportion. For example, a salary may be stated as $120,000 per year pro rata. This means that if an employee only works for six months, his/her salary will be $60,000. Likewise, dividends are distributed pro rata, meaning that shareholders receive them according to the proportion of shares that they own.

pro rata

Used to refer to something on a proportional basis. For example, in a rights offering, rights are distributed to stockholders on the basis of the number of shares already held by each stockholder. Thus, the pro rata distribution enables the stockholders to purchase new shares in proportion to the old shares they already own.

pro rata

Proportionate to one's interests or claims.In bankruptcy,unsecured creditors will receive their pro rata portion of any money left after paying secured creditors, attorneys'fees, and costs of administration. If the unsecured claims total $1,000,000, and the money left for distribution is $10,000, then each creditor will receive 1 cent for each dollar of their claim.

References in periodicals archive ?
If the merger is not completed during the fourth quarter of 2011, then DPL will not pay such prorated dividend and anticipates it will declare a full regular dividend for the fourth quartersometime in January and a pro-rated dividend for the first quarter of 2012 if the merger transaction closes during such first quarter.
For more information on Sprint's early termination fee policy and to view the pro-rated chart please visit www.
This pro-rated dividend will be paid within 30 days after the closure of the merger.
If the merger closes on or before May 15, the dividend will be pro-rated, with shareholders receiving $0.
The first quarter dividend will be payable to shareholders of record as of the close of business on each day during the period, January 1, 2006 through and including March 31, 2006, pro-rated for the period of ownership.
This cash dividend represents a pro-rated quarterly dividend for the period from the company's initial public offering of common stock on May 19, 2005 through June 30, 2005, based upon the annual dividend rate of $0.
As previously disclosed in Lazard's IPO prospectus, this dividend was pro-rated for the period of the second quarter subsequent to the date of the company's initial public offering and based on an expected regular quarterly dividend of approximately $0.
Although teachers receive pro-rated checks during the summer, they are only paid for 10 months of work.
In addition to the normal quarterly cash dividend, the Board has declared a pro-rated cash dividend of $0.
In fact, when the time comes for holders who have shares in margin accounts to vote on the merger, they could receive their voting instruction card from their brokers that will show them as entitled to full vote on their shares, whereas in actuality their vote could be pro-rated or at worse completely lost as a result of the alleged scheme.
35 per share pro-rated for the period August 1, 2004 to October 1, 2004 (the redemption date).
If the maximum cash is used and pro-rated among all Rocky shareholders, Rocky shareholders would receive approximately 80% consideration in Enterra trust units or exchangeable shares and 20% in cash, and Enterra would be issuing a combination of approximately 2.