Dollars reported in unchanged value compared with the value reported on a previous date. For example, a company may have raised its dividends on each share of common stock from $2.00 in 1999 to $5.00 in 2009. However, after investors have adjusted for consumer price increases during the ten-year period, the 2009 dividend amounts to only $3.90 in constant dollars. In this case, the 2009 dollars are constant in terms of their 1999 purchasing power.