Here's what I understand ...
If the ex-dividend date was 4/27, then any shares bought that day and on the 28th (and afterward) do not receive the dividend on May 26.
Any shares purchased 4/26 and prior receive the dividend as stated. It's just that you have to hold on to the HNRC shares until May 26 (and I believe that you cannot sell the WDHI shares until the 27th). This is a spinoff (confirmed by E-Trade, by the way), so HNRC does not go away. Market price of HNRC will depend on the company's performance and what the market feels it is worth. Currently, it appears that the company is making money. Also, the spinoff included certain assets that are supposed to make the WDHI shares worth what was stated:
HNRC Shareholders of record on April 28, 2023 will receive one share of Worldwide Diversified Holdings, Inc ("WDHI") for every two shares of HNRC. The trading of the WDHI shares will be subject to a registration statement being approved by the SEC. It is anticipated that the initial price of the WDHI shares will be $3.50 per share, representing a $1.75 per HNRC share dividend.
The Company has previously announced that, effective December 16, 2022, the Board of Directors has approved the transfer of the non-energy investments of $53,307,324 in exchange for common shares of Worldwide Diversified Holdings, Inc ("WDHI").
If the ex-dividend date is May 27, then shares of HNRC purchased by the record date April 28 receive the dividend, but I am not clear as to when/what can be sold after the 26th in that case.
My main concern was purchasing before the 27th to assure that I would not miss the dividend in case the ex-dividend date was 4/27.
HNRC = market price
WDHI = supposedly $3.50 when issued.
