InvestorsHub Logo
Followers 307
Posts 20995
Boards Moderated 18
Alias Born 12/28/2002

Re: John Bates post# 66492

Wednesday, 11/27/2019 12:02:02 PM

Wednesday, November 27, 2019 12:02:02 PM

Post# of 112725
Looks like GSB may go ex-dividend on the pay date of 12/5. Or the following day. Because the dividend is so large, it might be 25% of the stock price. Where a special dividend rule kicks in (see below). GSB stock is currently trading very close to that 25% threshold though so not sure.

Found this on a site about dividends:

If the dividend is 25% or more of the stock value, special rules apply to the determination of the ex-dividend date. In these cases, the ex-dividend date will be deferred until one business day after the dividend is paid.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.