if a dividend is proposed or declared..... under what conditions are proposed or declared divs an obligation?
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FAdifference between a proposed and a declared dividend
The directors propose (i.e. suggest a dividend), but the shareholders then have to vote on it. Once the shareholders have voted on it, it then becomes a declared dividend, and it is then that it becomes an obligation.
ok..cool.. great..thanks!!!!
You are welcome :-)
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