the Board will propose the pay-out of an intermediate dividend of € 2 per share
http://www.bekaert.com/en/About us/Press/News/10-07-30 Bekae...

- Annual dividend payment
- Intermediate dividend payment
http://www.google.com/url?sa=t&source=web&cd=18&ved=0CIsBEBY...

Critically, the stock return is more volatile than just higher order expectations because the realization of each intermediate dividend provides investors another signal to update their previous beliefs. In other words, even if dividends are uncorrelated over time, that investors have to form beliefs on future dividend today makes the beliefs about future dividend correlated.
http://www.google.com/url?sa=t&source=web&cd=6&ved=0CDcQFjAF...