Shi Corporation (SHCC)

[TEX]

excellent...spent some hours with Scottie and FINRA yesterday. Today NASDAQ told me ex-date interpretation is "not up to company discretion."

Here's a better page to bookmark than SEC stuff for divvies, in general (NASDAQ-related ===> pennies):

http://www.nasdaq.com/about/FAQsMarketIntegrity.stm

For instance, notice the brevity & clarity as compared to SEC's often confusing explanations:

"What is a Record Date for a dividend?
The Record Date is the day on which the company's transfer agent compiles a list of those persons having shares registered in their names.

What is a Payable Date for a dividend?
The payable date is the day on which the registered holders will be mailed or electronically credited the distribution.

What is an ex-dividend date?
An ex-dividend date is the first day on which a security is traded without rights to a particular distribution. It is on the ex-dividend date that a security price is adjusted to reflect the dividend.

How is an ex-dividend date set?
All ex-dividend dates are established in accordance with the Uniform Practice Code (UPC Rule 11140). See NASDAQ Rule 11140.