A dividend is a payment made by a corporation to its shareholders out of its profits or reserves. Dividends are typically paid in cash, but they can also be paid in the form of additional shares of stock or other property. Companies may choose to pay dividends to distribute some of their profits to shareholders, or to reward shareholders for their investment in the company. Dividends are usually paid on a regular basis, such as quarterly or annually. The amount of the dividend is usually determined by the board of directors of the company, and it may vary depending on the company’s financial performance and other factors.