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Replies to post #141534 on Sino Agro Food Inc (fka SIAF)
RealDutch
06/29/18 8:42 PM
#141535 RE: jyyoo #141534
For most shareholders they sold just because they were sick of it going down.
06/29/18 8:53 PM
#141537 RE: jyyoo #141534
August, we'll probably get an X-date for the Tri-way distribution
Why doesn't the company announce the ex-dividend date? A: Some companies do, though most don't. That's because it is the stock exchange, not the company, that determines the ex-date.
Do all dividends follow the same rules? A: No. Dividends amounting to less than 25% of a company's stock price follow normal dividend rules while dividends of 25% or more of a stock's price follow a different set of rules.
Dividends of 25% or More of a Company's Stock Price Cash dividends of 25% or more of a company's stock price represent a fraction of one percent of all dividends paid and are handled quite differently from normal dividends. There are some similarities, however. Like normal dividends, unusually large dividends have a declaration date, a record date, an ex-dividend date and a payment date. Also, like normal dividends, the ex-dividend date for a dividend of 25% or more of a company's stock price is set by the exchange, not the company. Here's the big (and confusing) difference: While the ex-dividend date is indeed set by the exchange, it occurs not before the record date, but after. In fact, the ex-dividend date is not even before the payment date! By rule, the ex-dividend date is one business day after the payment date. (In such cases the term deferred ex-date applies.)