1.7 Dividend Skipping

This topic provides information about the dividend skipping details.

A dividend that has been declared can be skipped and not taken up for processing. This is true for cash and stock dividends, as well as for regular or interim dividends. The decision to skip a dividend is typically taken by the board of directors, based on the performance of the fund.

Use the Fund Dividend Maintenance Summary screen to authorize a fund dividend.

Start this screen by selecting the Summary option from the Fund Dividend menu in the Maintenance menu category of the Browser.