From Longman Business Dictionarydistributable profitdisˌtributable ˈprofit (also distributed profit)FINANCEACCOUNTING profit earned during a particular period of time that a company pays to shareholdersPreference dividends can be accumulated if there are not sufficient distributable profits to pay them in a particular financial year.There was a further reduction of corporation tax on reinvested income, while distributed profits remained taxable at 42%. → profit
