They'll say, we are pleased to announce that we are paying a dividend in new shares issued today by the company equal to 5% of your existing shares-- so it's a 5% dividend--congratulations.

The dividend withholding tax rate is 19.8% for dividends paid to a Danish limited company owning less than 20% of the share capital in the dividend paying Danish company.

They get paid a stated dividend before the company even considers paying dividends on common stock.