DIVIDEND ACTIVITY Sample Clauses
The Dividend Activity clause defines the rules and procedures related to the declaration, payment, and distribution of dividends by a company to its shareholders. It typically outlines when and how dividends can be issued, any restrictions or conditions that must be met before dividends are paid, and may specify the types of dividends (such as cash or stock) that are permitted. This clause ensures that all parties understand the circumstances under which profits can be distributed, thereby providing clarity and preventing disputes regarding shareholder entitlements.
DIVIDEND ACTIVITY. Calculate and process Share dividends and distributions as instructed by the Fund. • Compute, prepare, and mail all necessary reports to Shareholders, federal, and/or state authorities as requested by the Fund.
DIVIDEND ACTIVITY. 1. Reinvest, pay cash or automatically deposit in a shareholder's bank account, including reinvesting in other funds within the fund group serviced by Agent as described in the prospectus.