An Interim Dividend is typically one of two dividends given out by a company that is providing shareholders with income on a semi-annual basis. The other dividend is usually given at the end of the company's fiscal year. Interim dividends are usually declared and paid within six months after the close of the company's fiscal year.The purpose of an interim dividend is to provide shareholders with income during the period between when the last annual dividend was paid and when the next annual dividend will be paid. This allows shareholders to receive some return on their investment even if they do not sell their shares during this time period.Interim dividends are often smaller than annual dividends, but they can still be a significant source of income for shareholders. For example, if a company has a current share price of $100 and pays an interim dividend of $0.50 per share, this will represent a return on investment (ROI) of 0.5%. This may not seem like much, but it can add up over time, especially if you own multiple shares or invest in multiple companies that pay interim dividends.
