dividend cover

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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
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'Another great auction for us, more than 2.5 times covered, obviously, so we are awarding it at 19 basis points lower than the previous auction we had in March.
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The issue was 3.5 times covered, according to the statement.
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The institutional tranche for the Hong Kong portion of its IPO was more than 10 times covered, it added.
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According to a source, 'The deal was 'significantly' oversubscribed, with the retail tranche more than 20 times covered.
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'The directors sold about six million shares and the rest is from employees and former directors,' an ABN spokesman said, adding that the issue was about two times covered.
Millions for iSoft board
Banque Saudi Fransi's issue was around 2.2 times covered by investors and was priced at 110 basis points over the three-month Saudi interbank offered rate (Saibor), Reuters quoted the source as saying.
Banque Saudi Fransi to close $507 million Sukuk

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