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dividend

n. a portion of profit, usually based on the number of shares of stock in a corporation and the rate of distribution approved by the board of directors or management, that is paid to shareholders for each share they own. Dividends are not always paid in money, but can be paid in shares of stock, known as a stock dividend.

See also: corporation  shareholder 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications

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