GOCCs are required by law to declare and remit at least half of their yearly net earnings as cash, stock or property dividends
to the government.
Retained earnings are the sum total of a corporation's accumulated net income (or loss), gains and losses and prior period adjustments, reduced by its cash dividends, property dividends, stock dividends and other amounts transferred to the contributed capital accounts.
For cash and property dividends, the accounting entry is a debit to retained earnings and a credit to dividends payable.
89 per share, which was the dollar volume weighted average price for the Company's common stock, as traded on the NASDAQ Global Market, for the 20 trading days prior to the signing of the note and warrant purchase agreement, subject to anti-dilution adjustments in the event of stock splits, stock, cash or property dividends, recapitalizations, reorganizations, mergers and similar circumstances.
These warrants would be subject to anti-dilution adjustments in the event of stock splits, stock, cash or property dividends, recapitalizations, reorganizations, mergers and similar circumstances and will have a five year term.
Although listing by way of introduction or without an initial public offering, Yehey will have a public ownership of 33 percent upon listing, as its parent company had declared company shares as property dividends in 2007.
This is, thus, the fulfillment of the promise made by Vantage to its stockholders when the property dividends were declared, said Vantage director Wilson Sy.
will continuously be rewarded with these types of property dividends
as the company continues to innovate in this highly dynamic VoIP marketplace.
We will also articulate the NewMarket plan to issue $14 million in property dividends
over the next 3 years.
We are even more excited about outlining our plan to issue property dividends
in the form of publicly listed equity in NewMarket subsidiaries and affiliates.
The Company is going through a reorganization whereby MERL Holdings will spin off MERL School Stores as property dividends
These dividends consist of cash dividends and property dividends
which include distributions of Freeport-McMoRan Copper & Gold Inc.