scrip dividend

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Related to scrip dividends: scrip issues

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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As a result of the Programme cancellation, no scrip dividend will be offered for Shell s second quarter 2014 interim dividend, to be announced on 31 July 2014.
Column 4 of Table 5 reports that large firms and those with lower investment opportunities, as measured by Tobin's q, are more likely to issue scrip dividends than smaller and growth firms.
There does not appear to be any statistically significant relation between the likelihood of issuing scrip dividends and the subsequent growth in earnings, dividends, and/or share prices.
This variable should be negative if the decision to use scrip dividends is motivated by the free-cash-flow paradigm.
Column 2 shows that the dummy variable low CF x high q has a significant negative coefficient, suggesting that firms that are unlikely to have free-cash-flow problems do not issue scrip dividends.
This release and any other document relating to the scrip dividend may only be distributed outside a member state of the European Union in compliance with applicable local laws and regulations and does not constitute an offer of securities in jurisdictions where such an offer would violate applicable laws and regulations.
CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2012 INTERIM DIVIDEND
Subject to the terms of the scrip dividend scheme (the "Scheme") which was approved by shareholders at the Company's 2012 AGM, the Directors are pleased to offer a scrip dividend alternative for the 2012 Interim Dividend (the "Dividend").
Election forms for the Scrip Dividend will be posted to certificated shareholders as soon as practicable.
Dividend payment date (UK & SA) Tuesday 20 November 2012 CREST (UK register) and CSDP (SA register) Tuesday 20 November 2012 accounts credited and share certificates issued to certificated shareholders First day of dealings and admission to the Tuesday 20 November 2012 official list of the UK Listing Authority and the JSE for New Ordinary Shares under the Scrip Dividend Scheme