Examlex
The factor for the present value of an annuity at 8% for 10 years is 6.7101. This implies that an annuity of ten $15,000 payments at 8% yields a present value of $2,235.
Date of Declaration
The date on which a company’s board of directors announces the distribution of a dividend or other important decision.
Date of Record
The specific date set by a corporation’s board of directors after which the shareholders on record will be entitled to receive dividends or stock rights.
Cumulative Preferred Stock
Stock that has a right to receive regular dividends that were not declared (paid) in prior years.
Dividends Per Share
The total dividends declared in a period divided by the number of outstanding shares of the company.
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