The filings say the 26th is the closing day and 30th is payment day.
My brokerage account says “On 06/19/20, CBAI announced a regular irregular cash dividend of $0.0062 per share, payable on 06/30/20 to shareholders, with an ex-dividend date of 07/01/20.” That means anyone selling today and yesterday will not get the dividend (or any future) payment.
My question is will the buyers get the payment b/c it is not enough time to clear before tomorrow.
I think the company is buying back shares. That way even if there is no dividend payment to them it is kept by the company anyway. This is only better for the current shareholders as the there will be less shares to pay out meaning bigger distribution payments in the future. BTW share buybacks don’t need to be reported with sec filing. It doesn’t need to be made public.
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