A general not really contracting question if anyone wants to indulge (and naturally I don't have an accountant).
Normally dividends are paid in proportion to shareholding of course, but what happens if that changes in the middle of the year? E.g. someone takes on a 50% share 6 months through the company year, and a final dividend is paid at the end of the year. Do they get 50%? Or is it normal to calculate it pro-rata (i.e. they get 25% and the other shareholder gets 75%).
And how do interim dividends fit in?
Thanks for any advises.
Normally dividends are paid in proportion to shareholding of course, but what happens if that changes in the middle of the year? E.g. someone takes on a 50% share 6 months through the company year, and a final dividend is paid at the end of the year. Do they get 50%? Or is it normal to calculate it pro-rata (i.e. they get 25% and the other shareholder gets 75%).
And how do interim dividends fit in?
Thanks for any advises.
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