Dividend calculation

Others 384 views 1 replies

Dividend on partly paid up shares to be paid on paid up value or face value.

eg: div.rate=10 %

rs 10 share nominal value, however rs 8 is paid up value.

so whether the value of div. will be rs 1 or rs 0.8.

Nothing is mentined in the sum about the articles provision. 

 

Replies (1)
When nothing is mentioned take paid up value as the base. However, you can take a different assumption. Whatever assumption you take dont forget to mention it in your answer.


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