Question

Aims and objectives of dividend warrant and interest warrant in 8 points

Answer 1

The Dividend Warrant is the name of a dividend payment slip which has a cheque attached to it.

In some of the cases a dividend warrant may be an entitlement to get the dividend as against to the dividend itself.

A holder of the dividend or interest warrant in this case by selling off the warrant can convert a dividend from the income item to a sale of security.