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Documents for Business
In excess of 1,000 customisable documents covering every conceivable business issue.Introduction to this document
Interim dividend board minute
A company can only pay a dividend if it is first approved by its board of directors or shareholders. For an interim dividend, approval is only required from the board. The approval should be made at a board meeting and duly minuted.
Dividend approval
To approve an interim dividend the directors must convene a valid board meeting at which they decide if the company has sufficient distributable profits from which the dividend can be paid. They should take into consideration the results of the last approved accounts and any subsequent draft or management accounts, plus any other relevant information.
The meeting and the board’s resolution to approve the interim dividend should be properly recorded. Use our Interim Dividend Board Minute for this purpose.
