Board meetings minutes and dividend voucher templates - free download
A dividend is the distribution of a company’s profits (sometimes known as its ‘Reverses’), that is paid to its shareholders. It can either be interim (those that are paid periodically throughout the year like monthly, quarterly) or final (only paid once a year).
To recommend and declare a dividend, a company must hold a board meeting, where its directors decide on payment. The process of recommendation, declaration, and payment of dividends is highly controlled by the company's ‘article of association’ and must be documented in two vital documents - board meeting minutes and the dividend voucher.