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Re: ParseRaider post# 34715

Saturday, 09/12/2015 6:01:01 PM

Saturday, September 12, 2015 6:01:01 PM

Post# of 54917
There were 2 announced dividends. One was for a set amount [0.011] and was regular divedend. The other was "special" advertised at 3% and as one time.

No. The cash dividend was a special dividend, because the amount paid was greater than 25% of the value of the company's stock. The stock dividend was just a stock dividend, without an ex date. So only shareholders as of the record date, 30 June, qualified for it.

The stock dividend was paid, but hasn't been discussed here much. That's because most posters don't seem to have been shareholders as of 30 June, and because in terms of interest, the cash divvy far overshadowed it.

The company should have known--but apparently did not--that the cash dividend was a special dividend, and should have declared it as such. Not as a quarterly.