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scrip dividend

American  

noun

  1. 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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

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