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divide the assembly.Parliamentary law. To order that votes in a meeting be counted. — Also termed challenge the vote; divide the house; doubt the vote. See counted vote under VOTE(4). [Blacks Law 8th]

dividend yield.The current annual dividend divided by the market price per share. [Blacks Law 8th]

dividend-reinvestment plan.A stock-purchase program that allows investors to reinvest their dividends, and perhaps convert additional voluntary payments, into shares of the entity’s common stock,  usu.  with  no  sales  charge,  and  sometimes  at  a  discount  from  the  stock’s  market  price.  • Although  the  investor  never  receives  the  cash,  it  is  still  treated  as  income  to  the …

dividend-received  deduction.A  deduction  allowed  to  a  corporate  shareholder  for  dividends received  from  a  domestic  corporation.  IRC  (26  USCA)  §§  243–247.  [Cases:  Internal  Revenue 3777.] [Blacks Law 8th]

dividend preference.The right of a holder of preferred shares to receive a dividend before the company pays dividends to holders of common shares. See preferred stock under STOCK. [Cases: Corporations    156. C.J.S. Corporations § 158.] [Blacks Law 8th]

dividend-payout ratio.A  profitability ratio computed by  dividing annual dividends per share by earnings per share. [Blacks Law 8th]

dividend income.See INCOME. [Blacks Law 8th]

dividend  date.The  date  on  which  a  corporation  distributes  dividends  to  record  owners  of stock shares. See record date under DATE. Cf. EX-DIVIDEND DATE. [Blacks Law 8th]

dividend-credit  rule.The  principle  that  a  corporate  reserve  fund  amassed  from  unpaid dividends on preferred stock must be used to pay subsequent dividends on preferred stock before dividend   payments   on   common   stock.   —   Also   termed   cast-iron-pipe   doctrine.   [Cases: Corporations    156. C.J.S. Corporations § 158.] [Blacks Law 8th]

dividend addition.An amount added to the face value of a life-insurance policy and purchased by using a dividend as a single premium payment. [Cases: Insurance    2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.] [Blacks Law 8th]