What is a dividend?

Modified on Fri, 18 Sep 2020 at 04:39 PM

A dividend is a distribution of a portion of a company’s earnings to its shareholders or a class of its shareholders. In the case of CEC, a dividend is decided by its board of directors. CEC most often quotes dividends in terms of the Kwacha amount each share receives (dividend per share). A dividend can also be quoted in terms of a percentage of the current market price, referred to as dividend yield. Sometimes, dividends can take other forms such as bonus shares, scrip dividends, etc.

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