Question 56. What is a coupon?

There are 2 types of coupons on each share certificate.

(1) Dividend (dividend distribution) Coupon,

(2) Coupons used in the exercise of pre-emptive rights or distribution of Bonus Shares.
All of these coupons are numbered.

In some Stocks, the years are written on the dividend coupons in sequence (such as 1990-1991-1992). At the end of each operating period, when the General Assembly decides to distribute dividends, the shareholders cut these coupons and collect the dividend. The coupons are written “bearer”. In other words, whoever holds the dividend coupon collects the dividend.

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