# Companies Act 1948, Paragraph 115


The directors may from time to time pay to the members such interim dividends as appear to the directors to be justified by the profits of the company.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/paragraph/115 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/paragraph-115
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.