Legal Definitions - NIMA

Definition: NIMA stands for National Imaging and Mapping Agency. It is an organization that deals with imaging and mapping on a national level.

Definition: A dividend is a portion of a company's earnings or profits that is distributed to its shareholders. This distribution can be in the form of cash or additional shares. For example, if a company makes a profit of $100 and decides to distribute $20 as a dividend, each shareholder will receive $20 for each share they own.

Examples:

• Cash dividend: A company distributes a portion of its profits to its shareholders in the form of cash.
• Stock dividend: A company distributes a portion of its profits to its shareholders in the form of additional shares.
• Cumulative dividend: A dividend that grows from year to year when not paid. It is usually on preferred shares, and it must be paid in full before common shareholders may receive any dividend.
• Extraordinary dividend: A dividend paid in addition to a regular dividend, usually because of exceptional corporate profits during the dividend period.

The examples illustrate how a dividend is a distribution of a company's profits to its shareholders. A cash dividend is a distribution in the form of cash, while a stock dividend is a distribution in the form of additional shares. A cumulative dividend grows from year to year when not paid, and an extraordinary dividend is paid in addition to a regular dividend.