Railways of the World
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Can a company that did nothing pay a dividend, and when can shares be issued?
Shares may be issued only to pay for a build or merger, not to fund dividends, and the designer's view is that the only way to raise a payout is to make a delivery. Company cash is not split into separate piles, so money from issued shares can be used in a merger. A formal fix for the 'do nothing' dividend was still being discussed in the thread.