diff --git a/src/NetscriptFunctions/Corporation.ts b/src/NetscriptFunctions/Corporation.ts
index 1303151cc..18bab912b 100644
--- a/src/NetscriptFunctions/Corporation.ts
+++ b/src/NetscriptFunctions/Corporation.ts
@@ -918,14 +918,15 @@ export function NetscriptCorporation(player: IPlayer, workerScript: WorkerScript
       },
     issueDividends:
       (ctx: NetscriptContext) =>
-      (_percent: unknown): void => {
+      (_rate: unknown): void => {
         checkAccess(ctx);
-        const percent = ctx.helper.number("percent", _percent);
-        if (percent < 0 || percent > 100)
-          throw new Error("Invalid value for percent field! Must be numeric, greater than 0, and less than 100");
+        const rate = ctx.helper.number("rate", _rate);
+        const max = CorporationConstants.DividendMaxRate;
+        if (rate < 0 || rate > max)
+          throw new Error(`Invalid value for rate field! Must be numeric, greater than 0, and less than ${max}`);
         const corporation = getCorporation();
         if (!corporation.public) throw ctx.makeRuntimeErrorMsg(`Your company has not gone public!`);
-        IssueDividends(corporation, percent);
+        IssueDividends(corporation, rate);
       },
 
     // If you modify these objects you will affect them for real, it's not
diff --git a/src/ScriptEditor/NetscriptDefinitions.d.ts b/src/ScriptEditor/NetscriptDefinitions.d.ts
index b9bda8ce9..a1b01a9ca 100644
--- a/src/ScriptEditor/NetscriptDefinitions.d.ts
+++ b/src/ScriptEditor/NetscriptDefinitions.d.ts
@@ -7048,9 +7048,9 @@ export interface Corporation extends WarehouseAPI, OfficeAPI {
   levelUpgrade(upgradeName: string): void;
   /**
    * Issue dividends
-   * @param percent - Percent of profit to issue as dividends.
+   * @param rate - Fraction of profit to issue as dividends.
    */
-  issueDividends(percent: number): void;
+  issueDividends(rate: number): void;
   /**
    * Buyback Shares
    * @param amount - Amount of shares to buy back.