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TeachMeFinance.com - explain Shut for dividend historic definition... Shut for dividend -- A term sometimes used in England for closed for a dividend, which means that the stock transfer books of a company are closed pending the payment of a dividend. For additional information see Books closed. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.