Definition of Passing a dividend

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TeachMeFinance.com - explain Passing a dividend




historic definition...

Passing a dividend -- Failure to declare a dividend that had previously been regularly paid. When the directors vote not to pay a dividend that previously had been regularly declared the dividend is stopped ; when the dividend simply is not declared it is passed.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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