In exchange for the cash, Fannie and Freddie issued preferred stock to Treasury that was supposed to pay 10 percent dividend.
The rash of dividend payouts is a great case study of the way public policy can affect corporate decision-making.
Along with revenue of $43.6 billion for the quarter, Apple announced a significant increase in its dividend and share buybacks.
late 15c., from Middle French dividende "a number divided by another," from Latin dividendum "thing to be divided," neuter gerundive of dividere (see divide). Mathematical sense is from 1540s. Meaning "portion of interest on a loan, stock, etc." is from 1620s. Related: Dividends.