FYI, private companies do not need FINRA approval to issue dividends to share holders
Dividends are payments made to company shareholders from the profits of the company. If the company has not made a profit over a given period then it cannot pay a dividend.
A dividend is a reward to shareholders for investing in their company. It is up to the directors of the company to decide if and when a dividend can be paid to the company’s shareholders.
all that required is they are in business and make a profit -----