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scrip dividend

American

noun

a dividend issued in the form of a note entitling the holder to a cash payment at a specified later date.

Etymology

Origin of scrip dividend

First recorded in 1880–85

Example Sentences

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See Examples For:

scrip dividend

Last year, BP returned to buying back shares to offset the dilution from its scrip dividend program, but the company has yet to embrace a multibillion-dollar share buyback program.

From The Wall Street Journal ● Jul. 27, 2018

In its invitation to next month's annual meeting, it proposed increasing its authorized capital only for its scrip dividend.

From Reuters ● Mar. 24, 2017

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023