Unlike equity shares where dividend is recommended by BOD and approved by shareholders at AGM . How is preference share divdend declared. Is it the same way as done for equity dividend or it is declared by BOD. plz explain for in detail for prefernce share
Share
its having fixed rate of dividend so not declared …
but sir in your lectures for AS 20 EPS you said we will recognise cumulative prefernce dividend whether declared or not. so it means there is a declaration by preference shareholders in AGM. morever in many AGM notices in ordinary business it is mentioned to declare Preference dividend. so confused?