Maybank's Basel II-compliant hybrid securities are rated four notches below its Viability Rating to reflect the securities' deep subordination status, the presence of going-concern loss-absorption mechanisms and look-back provisions in the optional dividend
Starting with the 2013 dividend (to be paid in 2014), dilution resulting from the optional dividend
(cash or shares) will be offset through a share buy-back and cancellation of the same number of shares issued as stock dividend.
Royal Ten Cate N.V (Euronext:KTC) announced today that with regard to the optional dividend
, the number of dividend rights that grant entitlement to one new share has been fixed at 34 dividend rights of an ordinary share with a par value of EUR2.50.
The study's results suggest that scrip-paying firms may not be following optional dividend
The Group declared a second interim net dividend of 11.00 sen per share to be paid via cash or an optional Dividend
Reinvestment Scheme ("DRS").