F|N2101 Business financeⅢ
FIN2101 Business Finance II
Module 10 Dividend Policy
Module 10 Dividend Policy
Student Activiries Reading Text, Chapter 12 Text Study Guide, Chapter 12 Study Book, Module 10 Appendix 10.1, 10.2 and 10.3 Tutorial Activities Tutorial Workbook, Self Assessment Activity 10.1 Text Study Guide, Chapter 11, All
Student Activities Reading ▪ Text, Chapter 12 ▪ Text Study Guide, Chapter 12 ▪ Study Book, Module 10 ▪ Appendix 10.1, 10.2 and 10.3 Tutorial Activities ▪ Tutorial Workbook, Self Assessment Activity 10.1 ▪ Text Study Guide, Chapter 11, All
Cash dividends Typically semi-annual in Australia Interim dividend paid after the end of the first half of the year, and a final dividend usually paid after the AGM Can only be paid out of current or accumulated profIts. Cannot be paid out of capital or if it Would make the company insolvent
Cash Dividends ▪ Typically semi-annual in Australia. ▪ Interim dividend paid after the end of the first half of the year, and a final dividend usually paid after the AGM. ▪ Can only be paid out of current or accumulated profits. ▪ Cannot be paid out of capital or if it would make the company insolvent
Payment Procedures Announcement date Declaration date Date of record EX-dividend date Payment date
Payment Procedures ▪ Announcement date ▪ Declaration date ▪ Date of record ▪ Ex-dividend date ▪ Payment date