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dividend cover |
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dividend cover n (Economics, Accounting & Finance / Banking & Finance) the number of times that a company's dividends to shareholders could be paid out of its annual profits after tax, used as an indication of the probability that dividends will be maintained in subsequent years How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Board continues to adopt a progressive dividend policy reflecting the long-term earnings and cash flow potential of Micro Focus whilst targeting a level of dividend cover for the financial year ending 30 April 2007 of approximately 2. The dividend cover of 2,9 is suitably within our target range of 2,5 to 3,5 times. This dividend covers the period beginning on April 15, 2005 and ending on July 14, 2005. |
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