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Explain the following term/concept:Dividend Warrant

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Question

Explain the following term/concept:
Dividend Warrant

Short/Brief Note
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Solution

(1) A dividend warrant is a kind of document that reflects whether a shareholder is entitled for a dividend or not.
(2) It is an order of payment in which the dividend is paid. A company uses the dividend warrant to pay the dividend in the form of cashback.

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Precautions to Be Taken by the Secretary While Corresponding with Members
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Chapter 6: Correspondence with Members - Exercises [Page 103]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 6 Correspondence with Members
Exercises | Q 2. 3. | Page 103

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(Germany, Bonus shares, Secondary market, Dividend, ECS)


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