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Concord Company has 930 shares of 5%, $100 par cumulative preferred stock outstanding at December 31, 2018, no dividends have been paid on this stock for 2017 or 2018, Since no dividend is paid, Dividends in arrears at December would be $0.
What is meant by dividend?
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
The dividend yield, which is the dividend per share, is stated as a percentage of the share price of a corporation, for example, 2.5%.
If a common shareholder of a dividend-paying company owns the shares on the ex-dividend date or earlier, they are eligible to receive a payment.
By using their voting powers, shareholders must approve dividends. Despite the fact that stock dividends are less prevalent than cash dividends, they are still a possibility. Different exchange-traded funds (ETFs) and mutual funds also provide dividends.
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