diff --git a/lib/engine/game/g_18_uruguay/game.rb b/lib/engine/game/g_18_uruguay/game.rb
index 6aba749b00..cd911c4e1b 100644
--- a/lib/engine/game/g_18_uruguay/game.rb
+++ b/lib/engine/game/g_18_uruguay/game.rb
@@ -59,7 +59,7 @@ class Game < Game::Base
         NUMBER_OF_LOANS = 99
         LOAN_VALUE = 100
 
-        GAME_END_CHECK = { custom: :one_more_full_or_set }.freeze
+        GAME_END_CHECK = { bankrupt: :immediate, custom: :one_more_full_or_set }.freeze
 
         GAME_END_REASONS_TEXT = Base::GAME_END_REASONS_TEXT.merge(
           custom: 'Nationalized'
@@ -269,7 +269,7 @@ def operating_round(round_num)
             Engine::Step::Track,
             G18Uruguay::Step::Token,
             Engine::Step::Route,
-            Engine::Step::Dividend,
+            G18Uruguay::Step::Dividend,
             G18Uruguay::Step::DiscardTrain,
             Engine::Step::BuyTrain,
             [G18Uruguay::Step::TakeLoanBuyCompany, { blocks: true }],
@@ -372,16 +372,14 @@ def revenue_str(route)
           'Ship'
         end
 
-        def routes_revenue(route, corporation)
-          revenue = super
-          return revenue if @rptla != corporation
+        def rptla_revenue(corporation)
+          return 0 if @rptla != corporation
 
-          revenue += (corporation.loans.size.to_f / 2).floor * 10
-          revenue
+          (corporation.loans.size.to_f / 2).floor * 10
         end
 
-        def routes_subsidy(route, corporation)
-          return super if @rptla != corporation
+        def rptla_subsidy(corporation)
+          return 0 if @rptla != corporation
 
           (corporation.loans.size.to_f / 2).ceil * 10
         end
diff --git a/lib/engine/game/g_18_uruguay/step/dividend.rb b/lib/engine/game/g_18_uruguay/step/dividend.rb
new file mode 100644
index 0000000000..818fcf807f
--- /dev/null
+++ b/lib/engine/game/g_18_uruguay/step/dividend.rb
@@ -0,0 +1,122 @@
+# frozen_string_literal: true
+
+require_relative '../../../step/dividend'
+require_relative '../../../step/half_pay'
+
+module Engine
+  module Game
+    module G18Uruguay
+      module Step
+        class Dividend < Engine::Step::Dividend
+          DIVIDEND_TYPES = %i[payout withhold].freeze
+
+          ACTIONS = %w[dividend].freeze
+
+          def actions(entity)
+            return [] if !entity.corporation? || missing_revenue(entity)
+
+            ACTIONS
+          end
+
+          def routes_revenue(routes, entity)
+            revenue = @game.routes_revenue(routes)
+            revenue += @game.rptla_revenue(entity) if entity == @game.rptla
+            revenue
+          end
+
+          def routes_subsidy(routes, entity)
+            revenue = @game.routes_subsidy(routes)
+            revenue += @game.rptla_subsidy(entity) if entity == @game.rptla
+            revenue
+          end
+
+          def missing_revenue(entity)
+            (routes_revenue(routes, entity).zero? && routes_subsidy(routes, entity).zero?)
+          end
+
+          def description
+            'Pay or Withhold Dividends'
+          end
+
+          def dividend_options(entity)
+            total_revenue = routes_revenue(routes, entity)
+            revenue = total_revenue
+
+            subsidy = routes_subsidy(routes, entity)
+            total_revenue += subsidy
+            dividend_types.to_h do |type|
+              payout = send(type, entity, revenue, subsidy)
+              payout[:divs_to_corporation] = corporation_dividends(entity, payout[:per_share])
+              [type, payout.merge(share_price_change(entity, total_revenue - payout[:corporation]))]
+            end
+          end
+
+          def holder_for_corporation(_entity)
+            @game.share_pool
+          end
+
+          def payout(entity, revenue, subsidy)
+            if @game.nationalized? && entity.loans.size.positive?
+              return {
+                corporation: subsidy + (payout_per_share(entity, revenue) * 10),
+                per_share: 0,
+              }
+            end
+
+            { corporation: subsidy, per_share: payout_per_share(entity, revenue) }
+          end
+
+          def withhold(_entity, revenue, subsidy)
+            { corporation: revenue + subsidy, per_share: 0 }
+          end
+
+          def process_dividend_rptla(action)
+            entity = action.entity
+            revenue = routes_revenue(routes, entity)
+            subsidy = routes_subsidy(routes, entity)
+            kind = action.kind.to_sym
+            payout = dividend_options(entity)[kind]
+            entity.operating_history[[@game.turn, @round.round_num]] = OperatingInfo.new(
+              routes,
+              action,
+              revenue,
+              @round.laid_hexes
+            )
+
+            entity.trains.each { |train| train.operated = true }
+
+            @round.routes = []
+            log_run_payout_sub(entity, kind, revenue, subsidy, action, payout)
+            @game.bank.spend(payout[:corporation], entity) if payout[:corporation].positive?
+            payout_shares(entity, revenue + subsidy - payout[:corporation]) if payout[:per_share].positive?
+            change_share_price(entity, payout)
+
+            pass!
+          end
+
+          def process_dividend(action)
+            return process_dividend_rptla(action) if action.entity == @game.rptla
+
+            super
+            loans_to_pay_off = [(current_entity.cash / 100).floor, current_entity&.loans&.size].min
+            return if !loans_to_pay_off.positive? || !@game.nationalized?
+
+            @game.payoff_loan(current_entity, loans_to_pay_off, current_entity)
+          end
+
+          def log_run_payout_sub(entity, kind, revenue, _subsidy, _action, payout)
+            unless Dividend::DIVIDEND_TYPES.include?(kind)
+              @log << "#{entity.name} runs for #{@game.format_currency(revenue)} and pays #{action.kind}"
+            end
+
+            if payout[:corporation].positive?
+              @log << "#{entity.name} withholds #{@game.format_currency(payout[:corporation])}"
+            elsif payout[:per_share].zero?
+              @log << "#{entity.name} does not run"
+            end
+          end
+        end
+      end
+    end
+  end
+end