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So your point was SOMEONE ELSE said they were "promoting" a stock?
Awesome point!!! wow! You finally nailed one!!!
LOLOLOLOLOLOLOLOLOLOL!!!
You're a HOOT, but I've got a LIFE...
Yes it is, and look who is was posted to. LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL!
Once again, you don't seem to be able to follow a discussion. You must be an awesome dinner date.
{your dining partner}...Sure was lovely weather today
{you} WHAT DO YOU MEAN BY TOAST? ARE YOU STALKING ME??!!
LOLOLOLOLOLOLOLOLOL
HERE is the post he was referring to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80648848
Wow! That is NOT my post...
that is a post by Guitarmanlife on the JE board
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80651637
NICE TRY!!!
LOLOLOLOLOLOLOLOL!!!OMG!!!LOLOLOLOLOLOLOLOLOL!!!
here is the full SEC complaint...
http://www.sec.gov/litigation/complaints/2012/comp-pr2012-2.pdf
time will tell
sounds good i put my buy in for 100 shares at 2.15 in case they drop some!
in VOC, goes ex-divi on thursday, .46 this quarter, lower than expected hence the pps drop.. 11-12% divi in the 14-15 price range
It is below any support lines and trending lower. It needs to get above $11.72 currently to show any sorts of strength.
Their company is in the sell energy for less industry. The only thing they've got going for them is price. If someone undercuts them, their profit is cut tremendously. Or, they are forced to recut their price and start over again. Their growth projections are lofty and incredibly subjective. A 12% dividend is lovely, until the stock drops 20%. JMO, of course.
P.S. you have to screw with the 15% Canadian withholding tax also.
1. I said they DO pay a dividend and they DO. My point was, they also paid out a non dividend in the past. Sheesh! Try and follow.
2. and 3. it's a viatical company. Viatical companies will become illegal in Texas.
4. You bring up things like "phantom shares" and misuse the term. You don't even understand your own argument. How could I?
can't believe I'm wasting my time. Here, read this then come back and apologize. I'll be the one holding my breath...
http://www.nceo.org/articles/phantom-stock-appreciation-rights-sars
go watch the show. See if you can understand it. Then come back here and make more sense.
LOL! I never said naked shorting didn't exist. You'll have to show me where I've EVER said that.
However, it doesn't exist as nutcases like Mitchell from Deep Capture try to claim.
Oh, to answer your question, "who am I?"...I'm the guy who has been exposing scam stocks for about 12 years now. Ask around about me if you like. If people tell you negative stuff, assume they are scammers. If they tell you to trust me, they're probably on the boards for the right reasons.
I'm the guy with the 7 figure portfolio in search of real stocks.
WOW! That post was a lot of mumbo jumbo. I can't tell if you're agreeing with me or not.
From what I could interpret. You should not trust the CEO as he is lying to you.
I was correct about the margin acct. If you have a margin acct they can loan your shares out. The notification IS...YOU HAVE A MARGIN ACCT. Expect to have your shares loaned. No, they're not going to send you a letter saying pretty please.
Now, note the difference below...
Next »
Symbol: LPHI Company Name: LIFE PARTNERS HLDGS INC
Amount ExDate Record Date Pay Date Comments
0.1 08/29/12 09/03/12 09/15/12 US Currency
0.1 05/31/12 06/04/12 06/15/12 US Currency
0.1 03/07/12 03/09/12 03/15/12 US Currency
0.2 12/07/11 12/09/11 12/15/11 US Currency
0.2 08/24/11 08/26/11 09/15/11 US Currency
0.2 05/12/11 05/16/11 06/15/11 US Currency
0.2 02/02/11 02/04/11 03/15/11 US Currency
0.04 01/27/11 01/31/11 02/15/11 Extra, Special, Arrears, Participating, etc.
0.25 11/03/10 11/05/10 12/15/10 US Currency
0.25 10/13/10 10/15/10 10/29/10 Extra, Special, Arrears, Participating, etc.
0.25 08/04/10 08/06/10 09/15/10 US Currency
0.25 05/05/10 05/07/10 06/15/10 US Currency
0.25 02/03/10 02/05/10 02/26/10 US Currency
0.25 11/04/09 11/06/09 11/27/09 US Currency
0.25 08/05/09 08/08/09 08/28/09 US Currency
0.25 05/20/09 05/25/09 06/15/09 Extra, Special, Arrears, Participating, etc.
0.07 05/18/09 05/20/09 06/01/09 US Currency
0.07 03/04/09 03/06/09 03/16/09 Initial after stock distribution
0.07 11/25/08 11/30/08 12/15/08 US Currency
If you don't believe that naked shorting exists
then perhaps you could do some reading here
http://www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/
and there are many OTHER people who disagree with your "opinion" on that issue...
You want to know which part isn't true? Does "all of it" count as an answer? You are obviously believing garbage you read on a penny stock website, or else you are intentionally misleading on your own.
IF you have a margin acct., your shares can be loaned. There is no such thing as "loaned without your knowledge". That is an old penny stock wives tale.
LPHI does pay out a dividend, although in the past they have paid out money under the category of..."Extra, Special, Arrears, Participating, etc". This was last done in 2011.
There is also no such thing as "phantom shares".
This board seemed to be one of the few places on Ihub to get information on real companies. It disturbs me to see people, such as yourself, bringing in penny stock mumbo jumbo.
So again I ask, "who are you"?
Not true. Who are you?
I wouldn't touch this one either. Very ghoulish.
looks good to me buy under 11 reap dividends either hold long or sell at 14
Terrible looking chart.
Insider Own 50.90% LPHI...
I'm seeing a lot of potential here
IF they can get the SEC off their back!
:)
Here is some interesting information
on shorting/naked shorting/and the result of on divys...
"In order to determine whether your shares have been loaned out for use by short sellers, check the 1099 form sent to you by your broker. There are different sections in this form. If your shares have not been loaned out, then you will see that dividends have been paid and that amount will be noted in the "1099-DIV" section of the form. If your shares have been loaned out without your knowledge, then you will see that the income earned from LPHI shares is noted in the 1099-MISC section of the form, and you will see a payment called, "Substitute Payments in Lieu of Dividends or Interest." If you are receiving payments in lieu of dividends, these funds are taxed at ordinary income tax rates, not the special, lower tax rate paid on dividend income.
Additionally, if you purchased shares from a person engaged in naked short selling, you have what might be called “phantom shares” – the shares do not exist since the naked short seller sold shares he did not own. In this case, you would also see dividend payments that are reported in the 1099-MISC section of your form. This is because, since the shares do not really exist, the company did not pay a dividend on them. Therefore, the broker owes you the same amount of money in substitution for the dividend. If you have any questions regarding these payments, contact your broker as to the terms of your brokerage agreement. With regard to the tax consequences of these payments, please consult your tax advisor."
Here is one I'm looking into... LPHI...
I'm still digging, but it's worth a look.
The divy is good and due to their legal problems the pps
is WAY down!
If they can get the legal problems resolved the pps should get a huge boost...
and did after they announced their win against Texas...
but then it tanked again
(probubly bagholders bailing)
I'm thinking this might be a good oportunity to get in...
"WACO, Texas, Sep. 26 /BusinessWire/ -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that Travis County District Judge Stephen Yelenosky ruled that the life settlement transactions that it facilitates are not securities under Texas law. Although subject to appeal, the ruling effectively ends the Texas Attorney General's suit against Life Partners, which had asserted that the 21-year-old company's life settlement transactions were securities under Texas law. In making its ruling, the Court denied all relief sought by Texas Attorney General Greg Abbott which includes an end to a temporary restraining order which will permit Life Partners to pay the $0.10 dividend it had previously declared to shareholders of record as of September 3, 2012. The court made the ruling after a two-day evidentiary hearing."
another article said there would be an appeal...
The backstory there...
"Life Partners Responds to Texas Lawsuit
WACO, Texas, Aug. 16 /BusinessWire/ -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., announced today that the Texas Attorney General, acting for the State Securities Board, filed suit against Life Partners, Life Partners, Inc., its Chairman and President, Brian Pardo, and its General Counsel, Scott Peden. Pardo and Peden are also directors of Life Partners.
The suit seeks a temporary restraining order and appointment of receiver based generally on allegations that Life Partners' life settlements are securities under Texas law and that Life Partners made various misrepresentations in the sale of the life settlements, including misrepresentations about the life expectancies of the insureds.
Life Partners' Chairman, Brian Pardo, responded, "We deny the allegations in the strongest possible terms. First, the Federal D.C. Circuit Court of Appeals and Texas state courts have reviewed our life settlements and ruled that they are not securities. Secondly, we did not misrepresent our life settlements. The life expectancy estimates we provided to purchasers were made by a third party in good faith."
Pardo continued, "The allegation that we are nearing insolvency is spurious. It is speculation drawn from innuendo. The facts are that we currently have more than $10 million in cash on hand, $45 million in assets, and virtually no debt. Our financial ratios are solid, including a better than 5:1 current ratio at the last quarter. Our business has largely stabilized after the blow we suffered with the SEC enforcement action last year. Our net cash used in operating activities was $(1.8) million in the last quarter, $(1.9) million in the quarter preceding, and has averaged $(1.86) million for the last five quarters. Through sales of non-strategic assets in the last quarter, we increased our overall net cash by $1.4 million and realized net income of over $1.0 million. Given our asset base and cash position, our financial losses are manageable and do not threaten our ability to continue as a going concern. The objective facts refute the outlandish and irresponsible financial claims made in the suit."
Life Partners is the world's oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called "life settlements." Since its incorporation in 1991, Life Partners has completed over 143,000 transactions for its worldwide client base of over 29,000 high net worth individuals and institutions in connection with the purchase of over 6,500 policies totaling approximately $3 billion in face value."
They are also fighting the SEC:
"Life Partners Holdings, Inc. (NASDAQ GS: LPHI) responded today to notice that a lawsuit has been filed against it by the Securities and Exchange Commission. The Company believes the action is without merit and will vigorously defend itself and its officers.
Life Partners’ Chairman, Brian Pardo, stated, “It is very disappointing that the SEC has chosen to pursue litigation over issues that we believe have no merit and financial presentation issues that we do not believe are material. We have always done our best to deliver value to our shareholders and to run an honest and transparent company. We intend to vigorously defend ourselves against these meritless claims.”
The lawsuit targeted Life Partners Holdings, Inc. and certain of its officers, but no claims were filed against the company’s operating subsidiary, Life Partners, Inc., and the action has no effect on any of Life Partners, Inc.’s transactions or clients.
Life Partners is the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called “life settlements.” Since its incorporation in 1991, Life Partners has completed over 137,000 transactions for its worldwide client base of over 28,000 high net worth individuals and institutions in connection with the purchase of over 6,400 policies totaling approximately $3 billion in face value."
No resolution of that yet, but I found this...LOL!
"Life Partners Holdings Announces Securities and Exchange Commission Sanctioned for Violation of Federal Rules of Civil Procedure
WACO, Texas, Aug. 20 /BusinessWire/ -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), announced today that United States District Court for the Western District of Texas on Friday issued an order sanctioning the Securities and Exchange Commission for violating the Federal Rules of Civil Procedure and ordering that federal agency pay Life Partners Holdings $5,000 in attorney's fees.
The order, which was the result of a motion for sanctions filed by Life Partners, finds that the Securities and Exchange Commission violated the Federal Rules of Civil Procedure by taking the deposition of a non-party witness without proper notice to Defendants, without conference with opposing counsel and without asking leave from the Court.
In its seven page order, the Court stated that "administrative agencies are unquestionably bound by the rules when they are parties in civil actions." The Securities and Exchange Commission filed a civil action against Life Partners Holdings, Inc. and certain of its officers in January of this year. The company's wholly owned subsidiary, Life Partners, Inc., was not named in the civil action.
The company has previously stated it believes the action is without merit and will vigorously defend itself and its officers."
JE "This is my best Dividend Machine
A Canadian energy group serving over 4 million people.
Suggestion: Buy in at or under $10.80 a share and wait for a monthly dividen or .1033 a share (11.30annual%)"
Thanks for the tip!
I don't have a 1/2 Mil to invest right now...
but hey, ya got to start somewhere
:)
I like that they put this out:
http://www.dividendchannel.com/quotes/?a=news&ticker=a&w=&story=2012070806233001.html
"As regards dividends, the Company's policy is clear. With the announcement of the Trust Tax in October 2006, it was perceived that all former Income Trusts must reduce their level of distribution to offset the incremental taxation at the corporate level. Since that date, investors have asked whether the then level of distribution could be sustained following the tax. At the time, Just Energy stated that its projected level of growth would allow it to sustain its distribution as a dividend following conversion and the growth seen over the period has allowed the Company to do so. As regards fiscal 2013, given the published growth forecast and results to date, management can confirm that there is no need to reduce the dividend within the Company's planning period. Accordingly, Just Energy reaffirms its $1.24 dividend."
Is JE one of those type companies that part of the dividend won't be received because it is taken as a tax by the Canadian govt.??
Once you cash out of whatever stock your in and have made your millions I'd invest them into JE
This is my best Dividend Machine
A Canadian energy group serving over 4 million Canadian and northern American people that has done nothing but improve over time.
Suggestion: Buy in at or under $10.80 a share and wait for a monthly dividen or .1033 a share (11.30annual%)"
$500000 = 46296 @ 10.80 a share and that equals $4782.38 a month in dividends.
TransDigm Group Incorporated Announces Successful Completion of Notes Offering and Special Cash Dividend
Monday, October 15, 2012 5:20 PM
CLEVELAND, Oct. 15, 2012 /PRNewswire/ -- TransDigm Group Incorporated ("TransDigm Group") (NYSE: TDG) announced today that its wholly-owned subsidiary, TransDigm Inc. (the "Company"), has successfully completed its previously announced offering of $550 million aggregate principal amount of 5.50% senior subordinated notes due 2020 (the "Notes"). Also today, TransDigm Group announced the funding of an additional incremental term loan of $150 million and that its board of directors has authorized and declared a special cash dividend of $12.85 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans. The record date for the special dividend is October 25, 2012, and the payment date for the dividend is November 5, 2012.
BOSTON--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYS: IRM) , today announced that its Board of Directors has declared a special dividend to shareholders in connection with the Company's previously announced plan to convert into a Real Estate Investment Trust ("REIT"). The special dividend of $700 million, or approximately $4.07 per share based on the number of shares currently outstanding (the "Special Dividend"), represents a significant part of the distribution that would eventually be required should the Company successfully convert to a REIT.
"Today's announcement marks an important milestone in our plan to convert to a REIT," said Richard Reese, Iron Mountain's Chairman and Chief Executive Officer. "Iron Mountain is a great business with high returns and strong cash flow driven by consistent financial performance. This special dividend is consistent with our previous commitment to increase shareholder payouts, and our operating as a REIT will further enhance our ability to generate attractive total returns for our stockholders."
The Special Dividend represents the initial distribution to satisfy the requirement that the Company pay to stockholders its accumulated earnings and profits ("E&P") of approximately $1 billion to $1.5 billion in connection with its potential conversion to a REIT, which is expected to occur no sooner than its taxable year beginning January 1, 2014. Provided the Company converts to a REIT, it expects to distribute the remaining balance of its E&P after the conversion. The amount and timing of future special E&P distributions will be based, in part, on U.S. Internal Revenue Service rules and the timing of the conversions of additional international operations into the REIT structure.
The Special Dividend is payable on November 21, 2012 to stockholders of record as of the close of business on October 22, 2012. Stockholders can elect to receive payment of the Special Dividend in the form of stock or cash, with the total cash payment to all stockholders limited to no more than $140 million, or 20 percent of the total distribution. The amount of shares to be distributed will be determined based upon stockholder elections and the average closing price on the three trading days following November 14, 2012. Election forms will be mailed to all stockholders promptly following the record date.
Inteliquent's (IQNT:Quote) board has declared a special one-time cash dividend of $3.00 per share, or about $97 million in the aggregate, which would be funded with available cash on hand.
Additionally, Inteliquent said it is engaged in ongoing talks with one of its largest customers that may result in a significant reduction in the rates that the customer pays to the company and require the company to pay to terminate certain traffic to that customer.
The payment date for the special one-time cash dividend is October 30, 2012. At $3.00 per share, the dividend represents nearly 33% of the company's closing stock price on October 3, 2012. As per NASDAQ rules, when a dividend is declared in a per share amount that exceeds 25% of a company's stock price, the date on which that company's shares would begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The company understands from NASDAQ that, because the dividend is expected to exceed 25% of its share price, NASDAQ would apply this rule, and the company expects that the ex-dividend date as set by NASDAQ would be October 31, 2012, the first business day following the payable date for the dividend.
The record date for the special one-time cash dividend is the close of business on October 16, 2012.
No firm date so be careful of it ,pinky stock with just 2 on payroll so it`s a very high risk (IMO)
Heating and cooling company Watsco Inc. said Monday that its board declared a special cash dividend of $5, totaling about $172 million, and a regular quarterly cash dividend of 62 cents.
Both dividends will be paid on Oct. 31 to shareholders of record as of Oct. 15.
any update on this!
Medisafe 1 Technologies Corp. (MFTH)
-OTC BB
0.0047 Up 0.0029(161.11%)
Medisafe 1 Technologies Anticipates a Special Dividend of $0.01 (One Cent) to Each Shareholder of One Common Stock pending the $7MM Perpetual License Sale of Technology Rights
By Medisafe 1 Technologies Corp.
Published: Monday, Sep. 10, 2012 - 5:39 am
JERUSALEM, September 10, 2012 -- /PRNewswire/ --
Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company intends to issue a one-time special dividend to all existing shareholders pending the perpetual license sale of technology rights to a third party.
As recently reported, Medisafe 1 Technologies has advanced negotiations to enter into a non-exclusive perpetual license agreement that would transfer rights for the full commercialization, marketing and distribution of its patented medicinal locking mechanism and bar-code matching system.
Terms of the sale include a one-time payment of $7MM. The perpetual license agreement is anticipated to be signed within 30 days, pending the results of a due diligence study by the intended buyer.
The estimated dividend amount payable to each shareholder of one common stock is $0.01.
"Upon the anticipated completion of this non-exclusive perpetual license agreement, we will be extremely pleased to be able to reward our shareholders with this special dividend," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "Similarly, we intend to continue to update our shareholders with further information following the sale's closing."
About Medisafe 1 Technologies
Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Medisafe 1 Technologies Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Medisafe 1 Technologies Corp. public filings may be viewed at http://www.sec.gov.
Contact:
Jacob Elhadad CEO +972-524440000 Jacob.elhadad10@gmail.com
COUNSELOR SEVERAL SHIFTS AVAILABLE
I've already bought a couple thousand and depending on how this runs, will be adding more. I've bought a few of your "finds" in the past. Most have short term bumps, but then drop off, however, as you pointed out, anytime a company has an abundance of cash on hand, it tends to be a solid company.
Not to mention, this stock earned .15 in 2012, but looking for .39 next year?
Seems too cheap to me. Keep this up and you'll get added to my Christmas list.
A 10% special dividend is enough to jump in for most,cash rich company`s will always be the best keepers.
The special dividends should pick up in numbers as we get near the end of the year (IMO)
What a great looking stock.
BSET
BASSETT, Va. (AP) - Bassett Furniture Industries Inc. on Wednesday declared a special dividend of $1.25, its second special dividend this year.
Following the announcement, the furniture maker's stock jumped 80 cents, or 7.4 percent, to $11.47 in morning trading.
Bassett said the dividend will be paid on Oct. 26 to shareholders of record on Oct. 12.
Web service company AOL Inc. (AOL:Quote) said Monday it has entered into a $600 million fixed-dollar collared accelerated stock repurchase agreement with Barclays Bank plc (BCS:Quote, BARC.L) and authorized a $5.15 per share special cash dividend.
The moves are part of the company's final steps in returning about $1.1 billion to its shareholders in 2012. After the sale in April of its more than 800 patents to Microsoft Corp. (MSFT) in a $1.056 billion cash deal, AOL is in the process of returning 100 percent of the cash to shareholders.
Further, AOL said it has entered into a tax asset protection plan to protect its valuable tax assets.
Artie Minson, AOL Chief Operating Officer and Acting Chief Financial Officer, said, "Since becoming a public company in December 2009, we have demonstrated an ability to both unlock and prudently manage our valuable asset portfolio, including our tax assets. Today we have done both again, outlining a clear path to returning $1.1 billion in cash to shareholders, while putting in place a necessary mechanism to ensure the preservation of our valuable tax assets."
Under the ASR deal, AOL will buy back $600 million worth of common stock by utilizing the previously approved share repurchase authorization and an incremental $10 million authorized by the company on August 26.
AOL will pay the $600 million at the beginning of the ASR agreement and expects to receive shares throughout the remainder of the year and a substantial majority of the shares underlying the transaction before year-end. This includes about 4 million shares that Barclays will deliver to AOL on August 30.
The company also authorized a special, one-time, cash dividend of $5.15 per share, payable on December 14, 2012 to shareholders of record at the close of business on December 5, 2012.
AOL noted that the tax asset protection plan will enable it to preserve its large domestic tax attributes that could be significantly impaired in the event a change of control is triggered under Section 382 of the Internal Revenue Code of 1986, as amended.
According to the company, the tax asset protection plan will act as a deterrent to any individual, individual fund or family of funds with common dispositive power acquiring 4.9 percent or more of the company's outstanding shares without the approval of the board of directors.
AOL closed Friday's regular session at $32.92. In Monday's pre-market, the stock is adding $1.58 or 4.80 percent to $32.92.
$10 dividend Fisher Declares Special Dividend, Plans Quarterly Dividend From Q4; Shares Rise
(RTTNews.com) - Integrated media company Fisher Communications Inc. (FSCI) announced Monday that its board has declared a special cash dividend of $10 per share following the sale of Fisher Plaza. The board also approved a dividend policy intending to pay a quarterly cash dividend beginning in the fourth quarter of 2012 as a measure to return value to its shareholders. The shares rose about 7 percent in the morning trade.
The special cash dividend, to shareholders of record on September 28, is payable on October 19. The company expects the initial quarterly dividend rate to be $0.15 per share. Fisher noted that the special dividend totaling about $89 million, will be funded from its existing cash and short- and long-term investments. The company said it expects the special cash dividend to be taxable to shareholders.
Paul Bible, chairman of the board of directors stated, "The special dividend is an opportunity to efficiently return capital to all of our investors following the sale of Fisher Plaza. The quarterly dividend policy reflects our confidence that the successful execution of our strategic plan will continue to generate the strong cash flows that will enable us to invest in the business while returning excess cash to our shareholders."
re, HEES special divvy. nice board btw and thx. already marked it.
At $7 per share, the Dividend represents approximately 39.8% of the Company’s opening stock price on August 20, 2012. Pursuant to the rules of the NASDAQ Stock Market, when a dividend is declared in a per share amount that exceeds 25% of a company’s stock price, the date on which that company’s shares will begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The Company understands from NASDAQ that, because the Dividend is expected to exceed 25% of the Company’s share price, NASDAQ will apply this rule, and the Company expects, in accordance with this rule, that the ex-dividend date as set by NASDAQ will be September 20, 2012, the first business day following the payable date for the Dividend.
POEFF/POE.V..Pan Orient Energy Corp.- $0.75 Per Share Special Distribution Approved
CALGARY, ALBERTA, Aug 21, 2012 (MARKETWIRE via COMTEX) -- Pan Orient Energy
Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE: POE) is pleased to
announce that it received shareholder approval for its previously announced
capital reorganization and that the effective date for the reorganization and
the record and payment dates for the resulting $0.75 per common share special
distribution to shareholders have now been set.
The distribution will be a return of capital as part of a capital
reorganization, and is expected to be generally more tax advantageous to
shareholders than a dividend. Shareholder approval was obtained at a meeting on
August 20, 2012, with over 99.9% of votes cast being in favour of the required
special resolution. Pan Orient's directors resolved at a meeting today to
implement the reorganization effective September 6, 2012 and set the record date
for the resulting $0.75 per common share special distribution to shareholders as
August 30, 2012 and the payment date as September 6, 2012. Pan Orient expects
that its common shares will commence trading "ex-distribution" on August 28,
2012.
The aggregate amount of the distribution will be approximately $42.5 million,
will occur in the course of a reorganization of Pan Orient's business after the
recently completed sale of a portion of its Thailand assets and be funded from
the net proceeds of that sale. The remaining net proceeds, plus ongoing cash
flow from Concession L53 in Thailand, are expected to be sufficient to fund the
needs of Pan Orient's continuing business operations for the remainder of 2012
and through 2013.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production
company with operations currently located onshore Thailand, Indonesia and in
Western Canada.
This press release contains forward-looking information. Forward-looking
information is generally identifiable by the terminology used, such as "plan",
"intend", "expect", "believe", "estimate", "should", "anticipate" and
"potential" or other similar wording. Forward-looking information in this press
release includes, but is not limited to, tax consequences; record, payment and
ex-distribution dates for the special distribution; cash resources; and
anticipated expenditures. By its very nature, the forward-looking information
contained in this press release requires Pan Orient and its management to make
assumptions that may not materialize or that may not be accurate. In addition,
the forward-looking information contained in this press release is subject to
known and unknown risks and uncertainties and other factors, some of which are
beyond the control of Pan Orient, which could cause actual results,
expectations, achievements or performance to differ materially. Although Pan
Orient believes that the expectations reflected in its forward-looking
information are reasonable, it can give no assurances that those expectations
will prove to be correct. Pan Orient undertakes no obligation to update publicly
or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable
securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
Contacts:
Pan Orient Energy Corp.
Jeff Chisholm
President and CEO
(403) 294-1770
Pan Orient Energy Corp.
Bill Ostlund
Vice President Finance and CFO
Warner Chilcott Board Declares Special Dividend
(RTTNews.com) - Warner Chilcott plc (WCRX), a specialty pharmaceutical company, announced it has completed an amendment to its existing senior secured credit facilities, pursuant to which it has incurred an additional $600 million aggregate principal amount of new term loans. As a result of closing the amendment and the related borrowings, Warner Chilcott's board declared a special cash dividend of $4.00 per share.
The new term loan facilities are comprised of a $300 million Term Loan B-4/5 bearing interest at LIBOR plus 3.00% with a five-year maturity, and a $300 million Additional Term Loan B-1 bearing interest at LIBOR plus 3.25% with a LIBOR floor of 1.00% and maturing on March 15, 2018.
The company will use the proceeds from the new term loans and cash on hand to fund the special cash dividend to its shareholders of $4.00 per share, or approximately $1.0 billion in the aggregate, and to pay related fees and expenses.
The special cash dividend will be paid on September 10, 2012 to shareholders of record on August 31
H&E Equipment Services Declares One-time Special Cash Dividend Of $7.00/shr
(RTTNews.com) - H&E Equipment Services Inc. (HEES) announced that its board declared a one-time special cash dividend of $7.00 per share, payable on September 19, 2012 to stockholders of record at the close of business on September 5, 2012. The aggregate amount of the payment to be made in connection with the Dividend will be approximately $246 million.
H&E Equipment said that the Dividend will be funded by the proceeds of the company's offering of $530 million aggregate principal amount of 7% senior notes due 2022, which closed on August 20, 2012.
At $7 per share, the Dividend represents approximately 39.8% of the Company's opening stock price on August 20, 2012.
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I have done extensive research on numerous companies that pay dividends, but i know if everyone here at IHUB posts stocks or mutual funds that pays outrageous dividends, then we can all save tons of time and energy doing it ourselves.
I will post links to all that are worthy here in the IBOX.
thank you in advance to all that participate.
please post the highest % yielding dividend stocks that you can find.
Explanation of Dividend Dates
Ex-dividend: To receive a declared dividend the shares must be purchased before the ex-dividend date. If you buy on or after ex-dividend date you are not entitled to receive the current dividend.
Record date: The record date is the date by which an investor must be registered as a shareholder to be entitled to a dividend.
Payment date: The date of which the dividend is paid out.
You can sell the stock on the ex-dividend date of and still get the dividend but you would not make any money. Every time a dividend is paid, the closing price on the day before the ex-dividend is adjusted downward by the dividend amount.
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(Stock Dividend section)
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid,
http://www.nasdaq.com/about/FAQsMarketIntegrity.stm
TAX info
Dividends are taxed either as ordinary income or as qualified dividends. A qualified dividend is a dividend on which the issuing company has already paid tax. The dividend is then taxed again on the shareholder's tax return, but at a lower qualified dividend tax rate. The tax rate on qualified dividends is 5% or 15% (depending on the individual's income tax rate). If the individual has a regular income tax rate of 25% or higher, then the qualified dividend tax rate is 15%. If the individual's income tax rate is less than 25%, then qualified dividends are taxed at the 5% rate.
Ordinary and qualified dividends are reported on Form 1099-DIV. All dividends paid will be reported as ordinary dividends on Form 1099-DIV box 1a. Some or all of these ordinary dividends may be qualified dividends. Qualified dividends are reported on Form 1099-DIV box 1b.
Dividends are reported on Form 1040 Schedule B and Form 1040 lines 9a and 9b
Link to daily dividend news http://www.primenewswire.com/newsroom/keyword.html?kw=DIVIDEND
DIVIDEND RANK:
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Summary / Websight
http://finance.yahoo.com/q?s=fro http://www.frontline.bm/
http://finance.yahoo.com/q?s=nat http://www.nat.bm/
http://finance.yahoo.com/q/pr?s=DOM http://www.dom-dominionblackwarriortrust.com/
http://finance.yahoo.com/q?s=dsx http://www.dianashippinginc.com/web/default.fds
http://finance.yahoo.com/q?s=fgp http://www.ferrellgas.com/
http://finance.yahoo.com/q?s=grt http://www.glimcher.com/
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