scrip dividend


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scrip dividend

the issue of a certificate entitling the holder to acquire shares in a company; frequently used in connection with bonus issues, such scrip has in some instances been issued as a stock dividend instead of cash.
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The Reference Share price is used for calculating a Participating Shareholder's entitlement under the Scrip Dividend Programme, as defined below.
Scrip dividends offer shareholders the opportunity to receive shares as an alternative to cash dividends, and increased financial flexibility for the company in the down-cycle.
A spokesman for Newcastle United said: "This is the second time we have offered a scrip dividend alternative since flotation; the previous time was in 1999.
This variable should be negatively related to the likelihood of scrip dividend payment.
The company said it will recreate its dividend policy with effect from the first dividend to be paid against the 2015 results, in order to disburse 3 cash dividends and a scrip dividend against such 2015 outcomes.
The dividend will be payable on 11 October 1996 in cash, in sterling or in Hong Kong dollars at the exchange rate on 27 September 1996, with a scrip dividend alternative.
The Shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of the second quarter 2015 interim dividend and dealings are expected to commence on September 21, 2015.
0 billion were settled under the Scrip Dividend Programme.
50 each to shareholders who elected to receive the scrip dividend alternative for the second interim dividend for 2009.
The dividend will be payable on June 3, 1996 in cash, in sterling or in Hong Kong dollars at the exchange rate on May 17, 1996, with a scrip dividend alternative.
ROYAL DUTCH SHELL PLC SECOND QUARTER 2015 SCRIP DIVIDEND PROGRAMME REFERENCE SHARE PRICE
Royal Dutch Shell plc ( Shell ) announces the cancellation of its Scrip Dividend Programme ( the Programme ) with effect from the second quarter 2014 Interim Dividend onwards.