Dividends are payments released by corporations to their shareholders, generally as a way to distribute profits as a reward for their investment in the company.
A company should declare dividends only when its decision-makers are sure that it has profits that it can pay dividends from
Generally there are two types of dividend - an Interim Dividend paid during the year and a Final Dividend paid at year-end. Directors can declare and pay dividends.
How to prepare a dividend statement
From the Main Toolbar, go to Company
Select the Company from the list
Select Add Dividend.
CAS 360 will display the Add Dividend screen.
|Date the dividends declared by the company directors.
|Use Date Declared as the Document Date?
|Toggle YES to use the date declared as the document date of meeting minutes.
|Choose a company share type which dividends will be paid for.
|Select either Dividend Per Share or Total Dividend.
|Enter the amount paid per share or the total amount paid to all shareholders (depending on the amount type selected).
|Final (issued at the end of the fiscal year), Interim (issued before AGM), Special (separate from the typical dividend cycle) or Other.
|How the dividend is paid to the Company Shareholders. Select either Dividend Paid in Cash, Dividend Credited to Loan Account or Other.
|Date the dividend is paid.
|Enter the Currency Symbol (for example SG, Singapore Dollar $)
By selecting Save & Prepare Documents. CAS 360 will display the Document Production screen and automatically select the documents required
Select the icon to change any of the document settings. Different options will appear depending on the document type.
Declaration of Dividend Resolution
Notice of Members Meeting
Members Minutes or Resolution
|Listing of Dividends Paid