dividend cover

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Related to dividend covers: Interest Cover, Dividend Per Share, Dividend yield

dividend cover

or

times covered

a measure of the extent to which a firm's earnings (profit after tax and interest) cover DIVIDEND paid, which expresses PROFITS as a multiple of dividends paid. Thus, for example, if a company pays out one quarter of its profit as dividends, then the dividend cover ratio is four. The dividend ratio is the mirror image of the DISTRIBUTION RATIO.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
We may revise the Outlook to Stable if Anglian Water and its holding company Osprey materially reduce regulatory gearing and dividend cover is sustained above 3.0x throughout the AMP6 and AMP7 price controls
- A sustained drop of expected dividend cover below 3x, for example due to Anglian Water retaining dividends, rather than upstreaming them to HoldCo, to aid deleveraging
We may revise the Outlook to Stable if Yorkshire Water and its holding company Kelda materially reduce regulatory gearing and dividend cover improves materially above 2.5x throughout the AMP6 and AMP7 price controls
- A material decline of dividend cover below 2.5x on a sustained basis while Yorkshire Water continues to retain dividends, rather than upstreaming them to HoldCo, to aid deleveraging
We may revise the Outlook to Stable if Greensands demonstrates the ability to maintain dividend cover of above 2.0x throughout the AMP6 and AMP7 price control
The declared Preferred Class K dividend covers the period beginning July 15, 2018 and ending October 14, 2018.