Investment & Investing

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inchpincher

Sorry to spam this thread with my accounting issues.... but... can you issue a dividend on a previous years profit? If so, is there a statute on how far back can you go?

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NotThamesWater in reply to @inchpincher

Dividends are paid out of retained profits (or contingent liabilities, if interim).

Last year's profits become this year's retained profit at the start of the accounting period.

(I'm sure there's nuance etc... , but ianaa etc...)

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inchpincher in reply to @NotThamesWater

@TW @user75580 Good news, thank you 🙏🏻

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