Passing the dividend refers that the company fail to pay a dividend which is already announced or expected to pay.

指公司无力偿付已宣布或预期要支付的股息。

youdao

"If passing on the dividend is what it takes to get people off their backs, then they might have to do it, " said Colin Morton, a fund manager at Rensburg Fund Management and BP shareholder.

WSJ: BP Weighs Dividend Cut