HOUSTON - The oldest surviving artificial Earth satellite, Vanguard 1, turned 50 years old on Monday â and continued to turn in its orbit, just as it has done since its launch at the dawn of the Space Age. The craft is in a high orbit that promises to be stable for centuries.
Companies use dividends to pass on their profits directly to their shareholders. Most often, the dividend comes in the form of cash: a company will pay a small percentage of its profits to the owner of each share of stock. However, it is not unheard of for companies to pay dividends in the form of stock.
Cash purchase. Although the name implies that reinvesting dividends is the main purpose of these plans, many companies offer a complementary share purchase plan (SPP). An SPP allows the enrollee to make periodic optional cash purchases (OCP) of company stock. The dollar amount of the OCP is sometimes subject to minimum and maximum limits, e.g. a minimum of $25 per OCP or a maximum that cannot exceed $100,000 per year.