Paying Agent

Paying Agent - Paying Agent is a registered individual or individuals accepting payments from the issuer of a stock security. It is an individual in the position of distributing payments to the holders of stock security upon the dividend reimbursement, a disbursing agent. A bank institution is the paying agent designated to pay and distribute the dividend, coupon, and principal payments to the stock security holders. It is an authorized agent who is designate to initiate timely dividend payments to the shareholders of record, providing they are registered shareholders. Occasionally, the issuing organization treasure of record is designate as the registered paying agent.