The board of directors of Case Corporation declared cash dividends of $5 per share. If these dividends are not paid, a shareholder can bring suit to require payment.

Name: The board of directors of Case Corporation declared cash dividends of $5 per share. If these dividends are not paid, a shareholder can bring suit to require payment.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Shareholders have the right to sue if a company declares dividends but fails to pay them, as it is a breach of the company's obligation to its shareholders.

The Board of Directors of Case Corporation Declared Cash Dividends