BROWSE

Illegal Dividend

What is 'Illegal Dividend'

A dividend declared by a corporation that is in violation of its charter and/or of state laws. Should such a dividend be declared, the company's board of directors can be sued by its shareholders and creditors; the company may also face prosecution.

Explaining 'Illegal Dividend'

Many states prohibit dividend payments from the capital surplus account. Dividends are generally paid out of net income or retained earnings. Illegal dividends may significantly weaken the financial position of the company and expose its creditors to a greater degree of risk.


Further Reading


On the 'economic dividend'of devolution
rsa.tandfonline.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Behavioral rationality in finance: The case of dividendsBehavioral rationality in finance: The case of dividends
www.jstor.org [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Corporate governance and corporate performance: A comparison of Germany, Japan, and the USCorporate governance and corporate performance: A comparison of Germany, Japan, and the US
onlinelibrary.wiley.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Why individual investors want dividendsWhy individual investors want dividends
www.sciencedirect.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Blockholders Counterbalance, Illegal Behaviors and External Supervision: Evidences from Listed Companies from 2004 to 2005 <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-NKJJ200706011.htm' />Blockholders Counterbalance, Illegal Behaviors and External Supervision: Evidences from Listed Companies from 2004 to 2005 [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-NKJJ200706011.htm'>PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Law, finance, and economic growth in ChinaLaw, finance, and economic growth in China
www.sciencedirect.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Amnesty International? The nature, scale and impact of capital flight from South AfricaAmnesty International? The nature, scale and impact of capital flight from South Africa
www.tandfonline.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Shareholder wealth effects of dividend policy changes in an emerging stock market: The case of CyprusShareholder wealth effects of dividend policy changes in an emerging stock market: The case of Cyprus
papers.ssrn.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Taxes and dividend clientele: Evidence from trading and ownership structureTaxes and dividend clientele: Evidence from trading and ownership structure
www.sciencedirect.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …

Dividend yield investment strategies, the payout ratio and zero-dividend stocksDividend yield investment strategies, the payout ratio and zero-dividend stocks
joi.pm-research.com [PDF]
… INTRODUCTION operate. It is, after all, through institutions that economics delivers its ends, so that the latter must remain con … ethnic elites (A 1995; O, 1997). central bail-outs became illegal; in Romania munici … On the 'Economic Dividend' of Devolution 411 …


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