Synovus Financial Corp (NYSE:SNV) Q2 results on 25 July
Synovus Financial Corp (NYSE:SNV) announced that it plans on releasing 2013 Q2 results on 25 July 2013. The conference call for discussions of these results is scheduled to be held at 8:30 a.m. EST on that day. On 5 June, the company stated that its board of directors has announced a dividend of $0.01/share on SNV’s common stock. The dividend was payable on 1 July 2013 to shareholders on record as of 20 June 2013.
What is common stock?
Common stock is general stock that is issued by a company to most stockholders and is usually a voting stock. This means that any common stock shareholder has the right to vote at the company’s annual meeting. Common stock also entitles the stockholder to share in stock splits, dividends as well as in share price increases. However, in the event that the company declares bankruptcy and has to be liquidated, common stockholders will generally not be able to recover any of the initial shares that they held in the company.
Though this is not something that happens very often, since the depression the market over the past few years, several apparently strong companies have filed for bankruptcy. From the perspective of a class, common stockholders fall behind the preferred stock holders, bondholders and creditors.
When a company declares and pays out any dividends, they show up in the financing section of the “statement of cash flows” and are reported as a use of cash. These dividends will also feature on the “statement of changes in the stockholders’ equity”.
Dividends that have been paid out on common stock will not be reported on the income statement as they are not expenses. Also, dividends that are paid on preferred stock are also not expenses, however, they will be deducted from the net income.
This is so that the report should reflect all the earnings that are available for common-stock in the income statement. Just as the balance sheet reports just the ending account-balances at a particular period of time, the retained and cash amounts reflect all the balances post the previous dividends as well as other transactions.