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Related to scrip: scrip dividend


The distribution of current or accumulated earnings to the shareholders of a corporation pro rata based on the number of shares owned. Dividends are usually issued in cash. However, they may be issued in the form of stock or property. The dividend on preferred shares is generally a fixed amount; however, on common shares the dividend varies depending on such things as the earnings and available cash of the corporation as well as future plans for the acquisition of property and equipment by the corporation.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


n. a portion of profit, usually based on the number of shares of stock in a corporation and the rate of distribution approved by the Board of Directors or management, that is paid to shareholders for each share they own. Dividends are not always paid in money, but can be paid in shares of stock, known as a stock dividend. (See: corporation, shareholder)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


1 the income return received by a shareholder in respect of his investment. Unlike interest, which is payable irrespective of whether the company has made profits or not, dividends are payable only if so declared by the directors and are payable only out of profits (whether current profits or profits earned in previous years) available for the purpose. If there are no available profits there can be no payment of a dividend. Dividends must be declared by the ANNUAL GENERAL MEETING on the recommendation of the directors or by the directors themselves between such meetings.
2 the proportion of an insolvent estate payable to the creditors.
Collins Dictionary of Law © W.J. Stewart, 2006

DIVIDEND. A portion of the principal, or profits, divided among several owners of a thing.
     2. The term is usually applied to the division of the profits arising out of bank or other stocks; or to the division, among the creditors, of the elects of an insolvent estate.
     3. In another sense, according to some old authorities, it signifies one part of an indenture. T. L.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
In searching for a scent-control technology that could rival ozone's effectiveness while avoiding the potential drawbacks, Scrip said Wildgame discovered ion-based products that have been used for many years to purify air and eliminate odors indoors.
Succeeding Derek Bridges and reporting to Carl King, Scrip will provide strategic leadership for Benefit Management LLC and ensure that its financial objectives are met.
These stocks would be replaced by scrips of four new CPSEs, including MOIL and KIOCL, which will take the total number of stocks in the ETF to 11.
Great Lakes Scrip Center helps organisations succeed with their fundraising needs without traditional fundraising.
The aforementioned contradicting post of GAIL brought the suspicion of a probable manipulative activity being carried out in the scrip of GAIL.
On account of huge trading volumes in the scrip of BoR and the delayed announcement of the merger, insider trading in the scrip of BoR was suspected.
The Scrip reference share price for those who are, or who will choose to become, participants in the Programme in regard to the Interim Dividend is GBP2.1568.
"If bar gives an indication of what it plans to do next with the stake, [it] can have an immeasurable impact on the scrip and the market," said a trader.
A leading Liverpool trade unionist said they would distribute the scrip if it was found that by so doing they could materially assist the Government in raising the money.
Department of Veterans Affairs, are using Scrip Talk labels.
A statement released by Hikma on Sunday said that The Scrip 100 list recognizes company heads who are shaping the future of pharma in their respective countries.
During times of economic downturn, the issuance of scrip, or money substitutes with circumscribed validity, will sometimes balloon.