Meaning of “interim dividend” in the English Dictionary

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"interim dividend" in Business English

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interim dividendnoun [ C ]

uk us also interim payment

FINANCE, STOCK MARKET a part of a company's profits that is paid to shareholders before its annual profits have been calculated. Interim dividends are usually paid every six months in the UK, and every three months in the US:

Shareholders will collect an interim dividend of 1.57p per share for the half year, a 2.6% increase.
raise/increase/maintain an interim dividend The group has increased its interim dividend by 10% to 3.3p.
The interim dividend is up 15% to 0.75p, payable on September 7.

(Definition of “interim dividend” from the Cambridge Business English Dictionary © Cambridge University Press)