declaration of dividend


declaration of dividend
A statement in which the directors of a company announce that a dividend of a certain amount is recommended to be paid to the shareholders. The liability should be recognized as soon as the declaration has been made and the appropriate amount is included under current liabilities on the balance sheet. The company pays the dividend net of income tax to the shareholders.

Accounting dictionary. 2014.

Look at other dictionaries:

  • declaration of dividend — A statement in which the directors of a company announce that a dividend of a certain amount is recommended to be paid to the shareholders. The liability should be recognized as soon as the declaration has been made and the appropriate amount is… …   Big dictionary of business and management

  • declaration of dividend — Action taken by the board of directors of a corporation which creates a dividend to be paid by the corporation and the right of a stockholder to demand and receive it. 19 Am J2d Corp § 839; involving the creation of a debt owing by the… …   Ballentine's law dictionary

  • declaration — In common law pleading, the first of the pleadings on the part of the plaintiff in an action at law, being a formal and methodical specification of the facts and circumstances constituting his cause or action. It commonly comprises several… …   Black's law dictionary

  • declaration — In common law pleading, the first of the pleadings on the part of the plaintiff in an action at law, being a formal and methodical specification of the facts and circumstances constituting his cause or action. It commonly comprises several… …   Black's law dictionary

  • dividend declared — See declaration of dividend …   Ballentine's law dictionary

  • Dividend — This article is about financial dividends. For dividends in arithmetic, see Division (mathematics). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis  …   Wikipedia

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  • declaration — The Board of Directors motion to authorize dividend payments. Bloomberg Financial Dictionary A declaration made in the appropriate form to Customs indicating the intention of the declarant to declare goods to the export or import procedure. HM… …   Financial and business terms

  • declaration — /dek leuh ray sheuhn/, n. 1. the act of declaring; announcement: a declaration of a dividend. 2. a positive, explicit, or formal statement; proclamation: a declaration of war. 3. something that is announced, avowed, or proclaimed. 4. a document… …   Universalium

  • Declaration date — The date on which a firm s directors meet and announce the date and amount of the next dividend. The New York Times Financial Glossary * * *    ► See Expiry Date …   Financial and business terms