That decision will depend on the policy; some pay annual dividends.
It has also agreed not to pay its annual dividend.
And, in 2011, the company increased its annual dividend to $1.12, representing a nearly 8 percent increase.
The profits are only a small part of an annual dividend paid.
With an annual dividend of $2.84, it now yields more than 19 percent.
Some companies have a record of consistently paying annual dividends for over 100 years.
The preferred issues now pay a total of $33.5 million in annual dividends.
The average Japanese stock pays less than 1 percent in annual dividends.
He estimated that the company's annual dividend would be cut to $1.40 to $1.85 a share from $2.08.
There is yet another reason to buy Sears stock: the $2 annual dividend.