Difference between interim dividend and final dividend? - Answers

An interim dividend is declared and paid by the directors subject to the members approval (at the AGM after the accounts have been laid before the members or members written resolution). A final dividend is a dividend approved by the members either in general meeting or by writen resolution. I think these used to be shown as proposed dividends before the latest FRS on events after the balance sheet date or final dividend paid if approved by the members in the year. I believe an interim dividend should be paid in cash but that a final dividend as it is approved by the members could be credited to a directors loan account at the date of approval rather than paid in cash