Technically speaking the .74 @ share offer isnt a "dividend"...it's a one time "cash payment" and therefore wouldn't come under rules / proceedures that govern dividend(s).
Try calling or emailing the IR Dept at Fairmount Santrol. Below is a link to their site. Let the board know what you find out. Your question is a good one!
Good luck,
Chevy
http://investors.fairmountsantrol.com/investor-relations/default.aspx
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Fairmount Santrol Ho (FMSA)
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