Firstly I would like to say hello to everyone on this fantastic site.
I have only just discovered it. The question I have is about dividends, I see in a lot of threads people are quoting dividends at say 35p. I do not mean to sound thick,[:I] but could someone please explain what that figure actually means? Many thanks, John
The dividend is the amount you return to creditors. For instance if you owe £1,000 and can only afford to pay £300 back - the dividend would be 30p in the £ - ie 30% of the amount repaid that you actually owe.
