Definition
An extraordinary dividend or superdividend is a distribution of profits obtained for exceptional reasons such as the sale of assets or income of an extraordinary nature.
This profit has not been generated by the company's ordinary activity and does not occur regularly over time.
Further information
In the event that the the receiving party of the dividend is a corporation, its classification as a received superdividend implies its accounting consideration as an extraordinary income, therefore excluding it from the calculation of its Net Ordinary Result (NOR).
Related concepts
Update date: May 2025
