Dividend definition
Examples of Dividend in a sentence
Dividends with respect to each Dividend Period shall be the sum of the dividends calculated on a daily basis during such period.
Parent Net Cash determined in accordance with Section 1.6 (after giving effect to the payment of the Parent Pre-Closing Dividend (including any amounts intended to be declared as a Parent Pre-Closing Dividend or declared and unpaid)) shall be greater than an amount equal to $500,000 below $0.
Dividends will be due and payable quarterly in arrears on each Dividend Payment Date.
The daily dividend shall be calculated as the product of (i) the Stated Value of each share of the Series A Preferred Stock outstanding as of the Dividend Payment Date for such Dividend Period, and (ii) the Dividend Rate for each day elapsed during such Dividend Period divided by 360.
To extent the Board declares a Dividend, such Dividends will be paid in cash on each Dividend Payment Date.