If you instead of posting BS, just googled it, you would know that the ex-dividend date is about a month after the record date.
And the $3.50 obviously is based on financials that only they know, because WDHI is a private company.
They need to tell the SEC why they think it is worth $3.50, and provide proof, so they would not lie about this. Obviously nobody can say if it will trade above or below it on the first day.