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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Table 5 reports the results from several multivariate logit regressions in which the dependent variable is one for scrip dividend firms and zero for the control firms.
In addition the bank commented that 27,302,240 ordinary shares of USD0.50 each have been allocated by the bank to those shareholders who have chosen to receive the scrip dividend alternative and a further 1,763,449 ordinary shares of USD0.50 each have been allotted in connection with the HSBC (France), Plan d'Epargne, an employee share plan.
Energy company Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B), headquartered in the Netherlands, reported on Thursday the issuance of 37,952,003 A ordinary shares in relation to the scrip dividend programme for the Q4 2013 interim dividend.
According to the report, Santander has raised EUR6.829bn through Valores Santander, EUR1.943bn through the exchange of preferred shares for ordinary new shares, and EUR1.66m through the application of the Santander Dividendo Eleccion programme (scrip dividend), at the time of the final dividend corresponding to fiscal year 2011.
Dubai: The General Assembly of the shareholders of United Arab Bank (UAB) approved during its annual general meeting in Sharjah the proposal of the board of directors regarding the appropriation of profits for 2008 by distributing a scrip dividend of 25 per cent.
The mortgage bank's executives said the buy-to-let specialist waited for markets to stabilise before going ahead with the deeply discounted share issue and the decision to pay a scrip dividend to strengthen capital ratios.
Newcastle United released a statement to the market stating that, as a result of the scrip dividend alternative, the directors WF Shepherd, DS Hall, TJ Revill, BS Shepherd and A Antonopoulos have all increased their shareholdings in the company.
Scrip dividend: When a shareholder chooses to take a dividend in new shares rather than cash.
They also want to continue to offer the Scrip Dividend Scheme for shareholders who wish to increase their investment in the company in lieu of their cash dividend.
Fitch estimates Sampath's Tier 1 ratio was 12% in April 2018 after it raised LKR12.5 billion in April 2018 and LKR7.6 billion in December 2017 via rights issuances and retained its 2017 profit of LKR12.7 billion through a scrip dividend.
Maintain the scrip dividend option, with no discount on the price, since certain shareholders prefer to take their dividend in shares
Total dividends distributed to shareholders in the quarter were $3.9 billion, of which $1.6 billion were settled by issuing 52.7 million A shares under the Scrip Dividend Programme.