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LSDefine
Simple English definitions for legal terms
NIMA
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A quick definition of NIMA:
NIMA stands for National Imaging and Mapping Agency. A dividend is a portion of a company's earnings or profits distributed to its shareholders. There are different types of dividends, such as cash dividends, stock dividends, and property dividends. A cumulative dividend grows from year to year when not paid, while a noncumulative dividend does not accrue for the benefit of a preferred shareholder if there is a passed dividend in a particular year or period. A liquidation dividend is paid to a dissolving corporation's shareholders, usually from the capital of the corporation, upon the decision to suspend all or part of its business operations.A more thorough explanation:
Definition: NIMA stands for National Imaging and Mapping Agency. It is an organization that deals with imaging and mapping on a national level.
Definition: A dividend is a portion of a company's earnings or profits that is distributed to its shareholders. This distribution can be in the form of cash or additional shares. For example, if a company makes a profit of $100 and decides to distribute $20 as a dividend, each shareholder will receive $20 for each share they own.
Examples:
- Cash dividend: A company distributes a portion of its profits to its shareholders in the form of cash.
- Stock dividend: A company distributes a portion of its profits to its shareholders in the form of additional shares.
- Cumulative dividend: A dividend that grows from year to year when not paid. It is usually on preferred shares, and it must be paid in full before common shareholders may receive any dividend.
- Extraordinary dividend: A dividend paid in addition to a regular dividend, usually because of exceptional corporate profits during the dividend period.
The examples illustrate how a dividend is a distribution of a company's profits to its shareholders. A cash dividend is a distribution in the form of cash, while a stock dividend is a distribution in the form of additional shares. A cumulative dividend grows from year to year when not paid, and an extraordinary dividend is paid in addition to a regular dividend.