China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that the Board of Directors has declared a special cash dividend of US$1.50 per American Depositary Share (ADS), which represents a total value to shareholders of approximately US$156 million. The distribution of the special dividend is conditional upon the approval of the relevant PRC government authorities. The special cash dividend is payable before or around December 31, 2009, to shareholders of record as of the close of business on September 25, 2009
so today should be last day to get in to get the special divi.
I bought some PUTS today but dunno if it will drop 1.50 but be nice