Hi All,
Can interim dividends be declared even though there is no sufficient income for a specific period.
For eg. I started my business with an initial capital from another source and subsequently increased my business income in 1st quarter and got paid myself some reasonable dividend.
In the 2nd qtr, there was some income but not that much as compared to 1st qtr as the business conditions were different.
My dividend in qtr 2 were not equal to business income but a bit over as i had some surplus carried over from 1st qtr.
My query is, can the initial source of funds(loan) be counted towards declaring one's dividend or is only the actual earnings from the business?
Thanks for all your help.
Regards
K
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