Approving Interim Dividend (Board Resolution)
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.
5.0 out of 5 on Google
Read reviewsAs seen in
England & Wales note
This version is drafted for England & Wales. Scotland and Northern Ireland differ on some points — for example notice periods and tribunal procedure. Tell GitLaw where you hire and it adjusts the draft.
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by thousands of businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work, with practicing lawyers
Trained on 5.5K+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Start free
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.