Dividend

[marc02]

Hi,

Where a property company has an operating p&l which is negative or in a loss, but the balance sheet is very healthy given the properties it owns far outvalues the loss, can a dividend be paid? Or can a dividend only be paid if there is an operating profit regadless of the assets owned?

Thanks

[Generix]

Hi,

Where a property company has an operating p&l which is negative or in a loss, but the balance sheet is very healthy given the properties it owns far outvalues the loss, can a dividend be paid? Or can a dividend only be paid if there is an operating profit regadless of the assets owned?

Thanks

don't you look at 'distributable reserves' or something similar, which determines what can be paid as a dividend....not sure how this is calculated...presumably capital introduced plus profit less debts or something similar.