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8.4 - Can a company make a partial payout?

1761, 1817, 1832, 1850, 1861, 1867, 18C2C, 18NK, 18NY, 18SS, 18USA It may make a 50% payout. Odd units are rounded in favour of the shareholders.
1800, 1812, 1826, 1846, 1851, 1873, 18EU, 18GL, 18IN, 18Neb, 18NW, 18NYC, 18OE It may make a 50% payout. Odd units are rounded in favour of the shareholder. The amount paid out to the shareholders determines whether its share price moves to the right.
1822, 1822CA For Minor Companies, 50% is standard. For Major Companies, a 50% payout is allowed (rounded up to the nearest 10).
1824, 1824 v2 Pre-Staatsbahnen companies pay half their income to their owners and half to their treasury.
1825, 1829, 1829 Mainline, 1830, 1830 Cardgame, 1830BC, 1830Lummerland, 1830NL, 1834, 1835, 1837SX, 1838 Rheinland, 1841, 1842, 1844, 1847, 1847AE, 1848, 1849v4, 1853, 1853 v2, 1854, 1856, 1857, 1859, 1860, 1862, 1862EA, 1862EA v2, 1865 Sardinia, 1868, 1869 USA West, 1876 v2, 1876-30, 1876-30 v2, 1876-35, 1876-35 v2, 1879, 1880, 1881, 1883, 1889, 1891, 1893, 1895, 1899, 18Africa, 18AL, 18Ardennes, 18Chesapeake, 18CLE, 18CZ, 18Dixie, 18EC, 18EZ Levels 1 and 2, 18FL, 18GA, 18GA v2, 18GB, 18Ireland, 18JP-T, 18Kaas, 18Lilliput, 18Mex, 18MS, 18NL, 18PA, 18Rhl Rhineland, 18Ruhr, 18Scan, 18SY, 18TN, 18US, 18VA, 18West, Poseidon, Railroad Barons, Steam Over Holland No.
1831 It may pay preferred 50%, common 25%, withhold 25%, stock price does not move.
1837 It may make a 50% payout.  Amounts are calculated exactly, then odd half-crowns rounded in favour of the bank.
1858, 1869 The Golden Spike, 1870, 18??, 18EZ Level 3, 18GM It may make a 50% payout. Odd units are rounded in favour of the company.
18BL It may make a 75% payout.
18SA It may make a 50% payout if the total dividend is equal to or higher than the current share price. If this makes the payment of dividends for individual 10% share difficult, the shareholder dividend is reduced by 5 and this amount added to the company treasury (e.g. a dividend of 90 would result in a shareholder dividend of 45, making payment of 4½ per share problematic, so the shareholder dividend would be reduced to 40 and the deducted 5 added to the company treasury).
2038 It may make a 50% payout. Odd units are rounded in favour of the shareholder. If a company does this its share price only moves one step to the right, not two.
Rolling Stock The President freely sets a dividend per share within a range from zero to one third of the share price.

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© Keith Thomasson November 15th 2020