The company offers so - called scrip dividends which means that investors can choose to receive stocks in
lieu of cash dividends.
Dividend reinvestment plans, or DRIPs, are plans some companies offer to allow shareholders to receive additional shares in
lieu of cash dividends.
Not exact matches
Investors in the parent company Brookfield Asset Management (myself included) were informed on May 16, 2016 that they would be receiving 1 unit
of BBP for every 50 shares
of BAM.A — for investors with odd lots,
cash dividends would be received in
lieu of fractional ownership.
Dividend Re-Investment Plan (DRIP): A program offered by some corporations (particularly investment companies) in which shareholders may opt to use their
dividends to purchase additional shares in the corporation in
lieu of receiving
cash payments.
In addition, should my lent stock receive a
dividend, the broker deposits «
cash in
lieu»
of the
dividend to my account (presumably having collected it from the borrower.)
The broker's description
of that payment action warns that «
cash in
lieu» has different tax treatment than a qualified
dividend would get.