Common use of Dividend Period Clause in Contracts

Dividend Period. You must maintain a minimum daily balance of $500.00 in your account to earn dividends on your account. For this account, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates unless noted otherwise. Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves.