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HACKENSACK, NJ--(Marketwired - Aug 22, 2014) - Emerson Radio Corp. (NYSE MKT: MSN) today reported that the Special Committee of its Board of Directors declared an extraordinary cash dividend of $0.70 per common share payable on September 30, 2014 to shareholders of record of the Company at the close of trading on September 12, 2014.
In mid August, Emerson reported net income for three months ended June 30, 2014 of $0.7 million, or $0.02 per diluted share on net revenues of $25.9 million, compared to a net income of $1.4 million or $0.05 per diluted share on net revenues of $24.7 million for the same period of the prior fiscal year and reported cash and cash equivalents of $47.9 million as of June 30, 2014.
Extraordinary dividend is an irregular dividend that is not derived from profits arising out of the ordinary course of business but that is declared because of unusually large income or an unexpected increment in capital assets due to fortuitous conditions.
Extraordinary dividend is paid in cash or stock and constitutes a distribution or a capitalization of surplus profits remaining after distribution of ordinary dividends.
Extraordinary dividend is also termed as extra dividend, nonrecurring dividend, or special dividend.
Just read the link I sent u. To obtain the dividend u must be "on record" by the 12th. To be on record it takes a few business days, that's why they created the term "ex dividend date" - it's the last date u can buy shares to be on record. So if u buy on the 10th, it will take few business days to be on company records. So u will be on record by the 12th and receive dividend. If u wait til the 11th, u won't be on record until the 13th, which is too late because they declared the record date 9/12. Just read the link I sent u, I know u want me to hand u the answer, (which I have) but please just read. All the info is there, I already read it before I sent it to u to make sure it was right.
Fidelity is my Broker. Do us a favor and speak to your Broker. I am serious I am not trolling you. I asked 3-4 times are you sure. She was telling me that the 12th is something to do with Billing. That you have to hold the stock till ex date which is the 1st?? I am not saying I agree and it makes no sense to me either...
I'm getting to the point where I think ur just trolling me. How can the ex date be 10/1 if it's payable 9/30. Advice: read the link I sent u, get a new broker.
I just had a long conversation with my broker and they are saying the ex date is 10/1???
Plus on that date the PPS drops .70...
Record date is 12th. If u read what I sent u u would understand. I told you to google, I sent u a link.. Not gonna wipe for u too. Just READ.
This is information that I already know. HOW do you know that the Ex Dividend date is the 11th? The PR says the 12th and pays on the 30th?? Where are you getting the 11thh from? PR says CLOSE as of the 12th.
Fine, here. http://www.investopedia.com/articles/02/110802.asp
That's what Google does - gives information!!
Read about declaration date, ex dividend date, record date, payable date. All ya had to do was google.
Again, if you are privy to this information please share the link for the board (haha me) to investigate, That is what these boards are for. To share information. I copy and pasted the PR to share so how about you share this information that isn't easily available.
Friday 12 is RECORD DATE. Ex dividend date is something they don't give. Just look it up, there's even graphics that make it easy to understand.
Can you link that information? According to the PR its Friday the 12th.
To be on record. U need to be a shareholder on or before the ex dividend date. Which is the 10th. If u sell after ex date, u still get the dividend. If u buy after u get no dividend. Idk where this stock will be on the 11thbut it will most likely fall back on that day.
If your information is different than mine than post the details. I am not seeing what you are seeing. What I posted was word for word what it said in the PR. So, I am ready for you to provide the actual information if what you say is true. Should be easy for you. Sending me on a fishing expedition doesn't prove anything. But, like I said, I am all ears if the information I have isn't the most accurate.
Look up. Declaration date, ex dividend date, record date. And how they coincide with each other.
I am not trying to get into a pissing contest with you BUT...Its CLEARLY states
shareholders of record at the close of trading on September 12.
That means NOT ONLY after 4:00 PM on the 12th BUT Post Market too. Please read it AGAIN...SHAREHOLDERS of record at the CLOSE of trading on September the 12th. NOT the 11th....
September 12th is the record date. Look up how dividend payments work.. I'd explain it but I'd rather u do your own DD.
Maybe you should follow your own advice...while I got the date wrong since the 13th is a Saturday you must hold till after the 12th.
Emerson Radio (MSN)
Board declared an extraordinary cash dividend of $0.70 per common share payable on September 30 to shareholders of record at the close of trading on September 12.
Hit up google before you spew more wrong information
Well, If you want the dividend you better hold to the 13th...Cause its shareholders at the close on the 12th that get it.
I'm still wondering why this isn't being talked about
Yup! Just make sure your out by the 11th!
Explain further on what "not a typical dividend" is. Correct me if I'm wrong anyone, but the record date is the 12th. So if u bought on the 11th u would not be obtaining a dividend.
This board is pretty dead. I bought in though....The last post before yours was from March?? Go $MSN
Dividend: Talked to broker and its not a typical dividend. Need to buy on Sept 11th for date of record is 12th and HOLD until Oct 1st which is one day after payment. Otherwise you need to pay the .70 back for every share.
They are giving out a $.70/per share dividend soon. I'm assuming that's why the stock jumped. How come no1 talking about this?
MSN Video Chart 3/17/2014
http://www.missionir.com/videos.html
Low float with good relative volume today.
Interesting situation for MSN and shareholders.
~ Monday! $MSN ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $MSN ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=MSN&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=MSN&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=MSN
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MSN#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MSN+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MSN
Finviz: http://finviz.com/quote.ashx?t=MSN
~ BusyStock: http://busystock.com/i.php?s=MSN&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MSN >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Emerson at this pps, it just feels right.
I will work on why I need this buy.
I really could not define my cause yet.
This is a stock that I just have to have in bag.
Last year they filed around 08-19...LJ
well the chart looks much better lately. When well the new numbers be coming exactly?
Good earnings pr released...And don't look a gift profit in the mouth comes to mind...
Not sure how many re-orders the big discount chain can give on cheap microwave ovens if they don't move them out quick...
Company cheap boom-boxes were out of stock most of the prime time spring holiday shopping season in a local stocker of plenty of their microwave ovens...The microwave oven's display never looked disturbed with its attractive low price...LJ
cws9, you were a good newshound on MSN and have been added as an assistant moderator...
Should you decide not to accept the position please check the 'Manage' button and select resign as assistant moderator...
We need some big news and the fans are eager for more...LJ
MSN decline after dividend payout looks to be slowing some if the the share price can find a support area soon...LJ
MSN price was marked down $1.10 this morning becasue today is the dividend ex-date. Anyone who held the stock overnight last night receives the $1.10 dividend so they are even. But now the stock price is moving up so looks like a profitable trade.
GLTY,
trade
Why did it drop a buck this morning?
MSN dividend of $1.10 paid this morning and stock pps recovered about .30 so far. Let's see how much of it holds.
trade
So how many people got screwed out of the dividend? Ex date the day after the payable. What a scam. Who does that?
1.43 cash per share on 12-31-09 minus 1.10 cash dividend per share on 03-24-10 is an odd business move...
They are paying out enough cash in a dividend to have more or less retired most of the company's current accounts payable that was showing on 12-31-09...
Its hard to see paying out most of the cash to shareholders before retiring all company debt...LJ
Yeah, I thought there was an official site for FINRA or SEC like there is for the OTCBB stocks but can't find one.
Best I see is this one, but just information service. Not regulator site.
http://www.ex-dividend.com/cgi-bin/search3.cgi
Ex-Dividend Search Results
Database Searched:
AMEX Listed Companies
Database Last Updated:
Thu Mar 18 18:10:06 2010 Central Records Searched: 28075
Matches Found: 1 Search Criteria: msn
Search Field: Symbol
Search Time: 0 seconds
Search This Criteria for NYSE or NASDAQ Listed Companies
DATE 03/03/2010 05:11 PM EST
ADDED COMPANY/ Emerson Radio Corp
NOTES Due bill period. Deliveries after 3/15/10, Settlement of contracts made prior to 3/25/10, redemption date beginning on 3/24/10.
SYMBOL MSN
AMOUNT 1.10
ANNUAL YIELD 0.00%
X-DATE 03/25/2010
RECORD DATE 03/15/2010
PAYMENT DATE 03/24/201
trade
Already have a happy face from the dividend runup frenzy and the luck of the Irish is far over-rated...
If it gets overly wimpy after the ex-date then...LJ
Bottom right side of Yahoo page
Dividends & Splits
Forward Annual Dividend Rate4: N/A
Forward Annual Dividend Yield4: N/A
Trailing Annual Dividend Rate3: N/A
Trailing Annual Dividend Yield3: NaN%
5 Year Average Dividend Yield4: N/A
Payout Ratio4: N/A
Dividend Date3: 23-Mar-10
Ex-Dividend Date4: 25-Mar-10
Last Split Factor (new per old)2: N/A
Last Split Date3: N/A
Also on bottom right of Morningstar page.
trade
Interesting. I've never seen this before.
Thanks.
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Amex: MSN: Info Quote: http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=MSN&selected=MSN
Emerson Radio Corp.
Company website: http://www.emersonradio.com/
home > about emerson
Emerson Radio Corp., founded in 1948, is one of the nation’s largest volume consumer electronics distributors with a recognized trademark in continuous use since 1912. It continues to be one of the oldest and well-respected names in the consumer electronics industry.
The Company engages in the design and marketing of audio and video products tailored to meet consumer preferences of the local market, particularly in the case of International markets. The breadth of products offered encompass televisions, Digital Versatile Disc (DVD) players and video cassette recorders (VCR's), audio accessories, microwave ovens, home theater, high end audio products, office products, mobile stereo and wireless products.
The Company distributes its products primarily through mass merchants, discount retailers, and specialty catalogers and, to a lesser degree, the Internet. The Company utilizes an extensive distributor network to facilitate its international presence and further leverages the Emerson brand globally through various licensing agreements. Its core business consists primarily of the distribution and sale of various low to moderately priced product categories.
After Hours Quote Link: http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=MSN&mkttype=after
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