DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES Smith v. Nu-West Indus. | Secondary Sources | Westlaw

DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES Smith v. Nu-West Indus. | Secondary Sources | Westlaw

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DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES Smith v. Nu-West Indus.

11 No. 3 ANMALR 11Andrews Mergers & Acquisitions Litigation Reporter (Approx. 2 pages)

DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES Smith v. Nu-West Indus.

11 No. 3 ANMALR 11Andrews Mergers & Acquisitions Litigation Reporter (Approx. 2 pages)

11 No. 3 Andrews Mergers & Acquisitions Litig. Rep. 11
Andrews Mergers & Acquisitions Litigation Reporter
December 2000
Preferred Stock
Copyright (c) 2000 Andrews Publications

DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES

Smith v. Nu-West Indus.

When Nu-West Industries Inc. redeemed the stock of its preferred shareholders, it was obligated to pay dividends on the 11-month period immediately preceding the redemption because the dividends accrued on a daily basis, even though they were paid...
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