Tuesday, December 22, 2020 10:32:21 PM
BTW, after reading a bunch of other posts on Yahoo conversations for FENG, I'm convinced there's a bunch of confusion about the "size" of this dividend, some stating that it's over 25% of the share price.
I too thought it sounded huge(1.3712), when I first read about it. Before buying some of the stock, I did some searches about ADS versus ADR shares. The divi is as stated, per ADS share. The company itself "sets" the ratio, of how many ADR shares equal one ADS share. So the final divi will be 17 cents per FENG ADR share......Not $ 1.3712.....The ratio is 8 to 1......
https://www.prnewswire.com/news-releases/phoenix-new-media-announces-special-cash-dividend-of-us1-3712-per-ads-301176872.html
Recent FENG News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/08/2023 11:11:22 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/17/2023 10:08:46 AM
- Phoenix New Media Announces up to US$2 Million Share Repurchase Program • PR Newswire (US) • 09/27/2023 10:23:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/27/2023 10:14:43 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2023 09:01:19 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM