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LSDefine

Simple English definitions for legal terms

passed dividend

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A quick definition of passed dividend:

A dividend is a part of a company's earnings or profits that is given to its shareholders. It can be in the form of cash or additional shares. Sometimes, a dividend is declared but not yet paid, which is called an accumulated dividend. There are different types of dividends, such as cash dividend, stock dividend, and property dividend. A passed dividend is when a company doesn't pay a dividend that it usually does. Preferred shareholders usually get paid a fixed amount before common shareholders. A dividend can also be used to buy more shares in the company instead of being taken as cash.

A more thorough explanation:

Definition: Passed dividend refers to a situation where a company does not pay a dividend to its shareholders, even though it has a history of paying regular dividends. A dividend is a portion of a company's earnings or profits distributed pro rata to its shareholders, usually in the form of cash or additional shares.

Example: Let's say a company has been paying a dividend of $1 per share every quarter for the past few years. However, due to financial difficulties, the company decides not to pay a dividend in the next quarter. This is known as a passed dividend.

This example illustrates how a company may choose to pass a dividend if it is facing financial difficulties or if it wants to retain earnings for future investments.

passbook | passing off

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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