Syndication Inc. Board of Directors Declares a 5% Common Stock Dividend; Declaration Date March 1st, 2009
DAMASCUS, Md., March 2 /PRNewswire-FirstCall/ -- Syndication Inc., (Pink Sheets: SYNJ), reports that on March 1st, 2009, the BOD of Syndication voted to approve a 5% Restricted Common Stock Dividend for all shareholders of record as of 60 days from the date of March 1st, 2009, (Official Record Date is April 29th, 2009). On this date, (April 29th, 2009), the shareholders of record will receive a restricted stock dividend equivalent to 5% of their recorded shareholdings. The shares will be restricted for a period of 1 year and will be eligible for free trading on that anniversary date.
What Does Declaration Date Mean? 1. The date on which the next dividend payment is announced by the directors of a company. This statement includes the dividend's size, ex-dividend date and payment date. It is also referred to as the "announcement date".
2. The last day on which the holder of an option must indicate whether he or she will exercise the option. Also known as the "expiration date". Investopedia explains Declaration Date 1. Once it is authorized, the dividend is known as a declared dividend and it becomes the company's legal liability to pay it.
2. The declaration date of all listed stock options in the U.S. is on the third Friday of the listed month. If there is a holiday on the Friday, the declaration date falls on the third Thursday
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