declare

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Declare

To authorize or announce a dividend. A publicly-traded company that declares a dividend binds itself with an obligation to later pay that same dividend to shareholders. See also: Declaration date, Ex-dividend date.
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declare

To authorize a dividend formally.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.