4 CPE Points will be accorded for this training. This CPE Points are acceptable by SSM for renewal of Practising Certificate.   

- This webinar seeks to guide participants on the declaration and payment of dividend.

- This training will focus on the various practical aspects of dividend payment. Various issues will be discussed such as whether the company can declare dividend, the procedure to follow and when to pay and to whom. 

By the end of the webinar, participants will have a good understanding of the practical aspect of dividend payment and will be able to determine whether the company can declare dividend and the practical steps to follow to complete the entire transaction.  

- Distribution out of Profit of company (Sec 131) 

- Distribution only if company is solvent (Sec 132) 

- Distribution must be authorized by Directors 

- Type of companies that can pay dividend

- Return of capital vs return of profit 

- Profit available for distribution 

- Capital Profit 

- Priority of dividend payment

- Preference shares with cumulative dividend 

- Preference shares with non-cumulative dividend 

- Preference shares with participating profit 

- Reasons for paying dividend

- Types of dividend Policy

- Solvency Test

- Indicators of insolvency 

- Recovery of distribution

- When must dividend be paid?

- Unclaimed dividend under Unclaimed Moneys Act 1965

- Dividend-who to pay to?

- Closure of Register of Members

- Different modes of dividend payment

- Dividend vouchers

- Waiver of dividend

- Rescission of dividend

- Procedure for interim dividend

- Procedure for final dividend