Approving Interim Dividend (Board Resolution)
Updated 7 February 2026
This template is used by the board of directors of a UK company to formally declare and authorise the payment of an interim dividend in accordance with the Companies Act 2006. It records the directors’ consideration of distributable profits and sets out the amount, timing, and payment mechanics of the dividend.
Notes
Unlike final dividends, interim dividends are not recommended to shareholders and do not require an ordinary resolution of the members. Interim dividends are declared solely by the directors, and shareholder approval is not required.
Directors must be satisfied, based on relevant accounts, that the Company has sufficient distributable profits at the time the interim dividend is declared. This should be documented (e.g. management accounts). Directors should consider their general duties under the Companies Act 2006 before approving such dividends, including promoting the success of the Company and exercising reasonable care, skill and diligence.
Interim dividends do not require Companies House filing, but should be properly recorded in the Company’s statutory books and accounted for correctly.
Declaration of Interim Dividend
The directors have reviewed the Company’s management accounts and are satisfied that the Company has sufficient distributable profits to justify the payment of an interim dividend in accordance with Part 23 of the Companies Act 2006 and the Company's Articles.
IT WAS RESOLVED THAT:
Declaration of Interim Dividend
An interim dividend of £[dividend amount per share] per [type of share receiving dividend] share, amounting in aggregate to £[aggregate dividend amount], be and is hereby declared by the directors.
Entitlement
The interim dividend be paid to shareholders whose names appear on the Company’s register of members at [record date].
Payment Date and Method
The interim dividend be paid on or around [dividend payment date] by [dividend payment method].
Authority to Implement
Any director and/or the Company Secretary be authorised to take all steps necessary or desirable to give effect to this resolution, including making the relevant payments and accounting entries.
About this template
What is this template?
Approving Interim Dividend (Board Resolution) is a free, ready-to-use Corporate Governance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Corporate Governance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with England & Wales in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Corporate Governance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.