SEARCH, INDEX, UPDATES, CONTENTS, INFORMATION, DIVIDEND PAYMENTS, INTERIM DIVIDEND
This template for declaring an interim dividend is also available for editing as a Word document.
Resolution to put to the Board of Directors
That an interim dividend of £x.xx per share per [class of share e.g. Ordinary Share] in respect of the year ended [date] be paid on [date] to those shareholders registered at the close of business on [date].
Example Minute to record passing the above resolution
[Company name]
Minutes of a meeting of the directors
at [place]
on [date]
Present -
[Name of director 1]
[Name of director 2]
[etc.]
It was resolved -
That an interim dividend of £x.xx per share per [class of share e.g. Ordinary Share] in respect of the year ended [date] be paid on [date] to those shareholders registered at the close of business on [date].
[signature]
on behalf of the board
An alternative resolution for a small private company might be -
That an interim dividend of [£5,000 (example amount)] be paid on [date*] on the [class of share e.g. Ordinary Shares] in respect of the year ended [date] to those shareholders registered at the close of business on [past date] as –
[Shareholder 1] [80 Ordinary
Shares] [£4,000]
[Shareholder 2] [20 Ordinary
Shares] [£1,000]
An additional paragraph which might be included -
The dividend will be paid as a credit to the shareholders loan account on [date* as above] to be withdrawn by the shareholder on demand.
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