passed dividend investment & finance definition
A
regularly scheduled dividend that has been omitted. A dividend is passed if the
board of directors doesn’t vote to declare it.
See passed dividend in Wall Street Words
A regular dividend that is omitted by a firm's board of directors. Passed dividends on most issues of preferred stock, but not on common stock, eventually must be made up. Also called
omitted dividend,
unpaid dividend. See also
dividends in arrears.
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