What company must do to pay a dividend?
Company must hold a board meeting to agree dividends declaration and must record the meeting minutes in company’s records. Once dividends are distributed, confirmation of distribution, called dividend voucher, has to be provided to each of the shareholders and it must include the following details:
- Date of dividend
- Company name
- Name and address of the recipient
- Total number of shares owned by the shareholder
- Total dividend payable to the shareholder
- Signature of company’s director