Dividend Date Clause Samples
The Dividend Date clause defines the specific date on which shareholders are entitled to receive declared dividends. In practice, this clause establishes a clear cutoff point for determining which shareholders are eligible for dividend payments, typically referencing a record date or ex-dividend date. By specifying this date, the clause ensures transparency and prevents disputes over dividend entitlements, thereby providing certainty for both the company and its shareholders.
Dividend Date. The Fund shall pay or distribute Dividends only on the date the NAV Per Share is reduced as a result of such Dividends.
Dividend Date the close of business on December 28, 2007, being the date for determining the holders of the Parent’s common stock that are entitled to the common shares of the Subsidiary in the Distribution, as well as being the date when the Parent and the Subsidiary are effectively separated.