13 December 2011
According to me the rate of Dividend is fixed in case of Preference Shares .... so there is no question of pro rata basis unless it is participating preference shares.
13 December 2011
Rate is fixed, its ok but if employed the fund for 3-4 month for the relevant financial year than how we cud pay the dividend for whole year???
13 December 2011
Since preference shares carry a fixed rate of dividend like 12% per annum, which is more or less like interest on debentures. So in my opinion if you are redeeming earlier than should pay on prorata basis.
CAclubindia
