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Moreover the stocks listed below have not missed a quarterly payment in the past decade.
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Meridian has been paying dividends since 1992, never missing a quarterly payment and never reducing the amount.
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So, while we absolutely maintain a mandate of providing income to our shareholders, we wanted there to be a little less of an emphasis on an idea that there would be a fixed income payment on a quarterly basis.
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By and large, businesses welcomed this tidying up, even though they will pay more tax during a four-year transition to a new system of payment, under which big firms will pay tax quarterly on a current-year basis, rather than in arrears as now.
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While the company is spending some of its cash on a special payout and speeding up its annual dividend payment, it still expects to hike quarterly payouts by a nickel per share, or 20%, in 2013.
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