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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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Because this first dividend covers a longer period of time (both the first quarter of 2008 and the portion of December 2007 after the original issuance of this stock), this payment is more than the regular quarterly dividend of $1. The dividend covers all classes of the Company's stock, and will be payable on April 12, 2007 to shareholders of record at the close of business on March 30, 2007. As the second dividend covers a two-month period, rather than a three-month period, the second dividend will be $0. |
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