TeachMeFinance.com - explain Passing a dividend
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.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.