Corporate Actions
Payment Date
Definition
What is Payment Date?
The date on which an approved dividendA payment made from a company's profits to eligible shareholders. or distributionIncome or realised gains paid by a fund to its unitholders. is paid.
Example in practice
How This Looks in Practice
Eligible shareholders receive the cash dividend on the payment date.
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Related Terms
Corporate Actions
Rights Issue
An offer allowing existing shareholders to buy additional shares, usually in proportion to their holdings.
Corporate ActionsBonus Issue
An issue of additional shares to existing shareholders without a cash payment.
Corporate ActionsStock Split
An increase in the number of shares accompanied by a proportional reduction in price per share, leaving total value initially unchanged.
Corporate GovernanceProxy Vote
A vote cast by another person or electronically on behalf of a shareholder.