Dividend Payments

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Postby dmkg on Wed Sep 21, 2005 5:58 am

Can a company pay a dividend out of its reserves. It has no profit for the year in question but has large reserves built up over the years.
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Postby deanshepherd on Wed Sep 21, 2005 6:03 am

Yes.



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Postby innovativetax on Sat Sep 24, 2005 1:30 am

Yes but the company may have issue with excess non corporate distribution.

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