If something must be divided rateably, it must be allocated among all members of the class of persons entitled to share in the distribution in proportion to their interests. So, if a dividend in the amount of $1,000,000 were declared and there were ten shares outstanding, it would be distributed rateably if each were paid an equal proportion of the total dividend amount — in this example, $100,000. This is how dividends must be paid in the absence of some special entitlement for a particular class of shares set out in the corporation’s articles.

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