Vantage Drilling Company Common Shares (VTGDF)

[TOUCAN]

Vantage Drilling management still has to issue another PR to discuss that Distributions were made.

So more communication is coming as well next steps on what they intend to do.

Stay private... or go public
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Its a one-off by the company
Like a Trustee payment

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When to Expect a Stock Dividend Payment

thanks makinezmoney

If a dividend is declared, shareholders are notified via press release and the information is usually reported through major stock quoting services for easy reference. This is step one of the process, called the declaration date.

At the time of declaration, a record date, or date of record, is set, meaning all shareholders on record on that date are entitled to the dividend payment. The day following the record date is called the ex-date or date the stock begins trading ex-dividend. This means that a buyer on ex-date is purchasing shares that are not entitled to receive the most recent dividend payment. The payable date follows usually about one month after the record date.

On the payment date, the company deposits the funds for disbursement to shareholders with the Depository Trust Company (DTC). Cash payments are then disbursed by the DTC to brokerage firms around the world where shareholders hold the company's shares. The recipient firms appropriately apply cash dividends to client accounts or process reinvestment transactions as per a client's instructions.

Tax implications for the dividend payments vary depending on the type of dividend declared, account type where the shareholder owns the shares and how long the shareholder has owned the shares. Dividend payments are summarized for each tax year on Form 1099-DIV for tax purposes.

Read more about the steps involved from announcing a dividend to receiving it in these related articles - Introduction to Dividends and Dissecting Declarations, Ex-Dividends, and Record Dates.'


https://www.investopedia.com/ask/answers/102714/how-and-when-are-stock-dividends-paid-out.asp