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8 Cards in this Set
- Front
- Back
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Net Worth calculation
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Net Worth = Assets - Liabilities
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Outstanding Stock caluculation
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Outstanding Stock = Issues Stock - Treasury Stock
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Statutory Voting
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Cast one vote per share for EACH item on the ballot.
Ex. Total of 300 votes, you can place 300 per EACH item to be voted on (300 on seat 1, 300 on seat 2, 300 on seat 3, etc.) |
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Cumulative Voting
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Can allocate total votes in any manner they choose.
Ex. Total of 300 votes, you could put all on one Board of directors seat or spread them around. |
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Current Yield (or Dividend Yield) caluculation
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Annual Dividend / Current Market Value of Stock
-(normally, the annual dividend is calculated my multiplying the quarterly dividend x 4.) |
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Dividend Disbursing Process is made up of what 4 key dates?
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DERP: DECLARATION Date
EX Dividend Date Divdend RECORD Date PAYABLE Date |
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Declaration Date
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Company's board of directors approved a dividend payment, it also designates the payment date and dividend record date
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Ex Dividend Date
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On the basis of the dividend record date, FINRA or the exchange (if listed) posts an ex-date. The ex date is two business days before the record date. A customer must purchase the stock 3 business days before the record date to qualify for the dividend.
On the ex-date, the stocks opening price is reduced by the amount of the dividend to compesate for the fact that customers who buy the stock that day do not qualify |
