Dividend. A profit paid to a holder of stock.  A cash dividend is one payable in cash, that is, by
check which calls for cash; a scrip dividend is one payable in scrip, or in other words, a due bill,
usually bearing interest at the legal rate and usually convertible into stock, but having no voting
power and entitled to no dividend until converted into stock; a stock dividend is one payable in the
stock of the company which declares such a dividend or occasionally in the stock of a company
owned by it; a cumulative dividend is a dividend which if not paid regularly or in full accumulates
and must be paid in the future; a non-cumulative dividend is a dividend that does not accumulate
and therefore if not paid regularly or in full has not to be paid in the future; accumulated dividends
are cumulative dividends past due; accrued dividend is the proportion of a regular dividend not yet
payable that has accumulated at a given time after the date of payment of the last preceding
dividend.  A cash dividend is sent by check to the post office address of the owner of the stock.