The total of the gross dividends paid by a company in a year divided by the total number of ordinary shares on which the dividend is paid.
A non-participating preference share refers to a type of preference share that does not entitle the shareholder to participate in the excess profits of a company beyond a predetermined fixed rate of dividend.
Variable Life Insurance is a type of life insurance policy where the face value and death benefit can fluctuate based on the performance of investments chosen by the policyholder. The value can increase or decrease but never falls below a guaranteed minimum.
