If ex-date is 19th, then everyone bought at and before 18th will be entitled for the distibution.
It is not dividend. It is the treasuries shares (company buy-back) that company decided to give back to the shareholders.
Actually personally, don't quite like the share buy back, I prefer they use the cash to give generous dividend consistently (as for share buy back, company needs to use the cash to buy back from the market as well). Share buy back is not good to support the share price alone instead if company always giving out generous dividend then investors automatically will look into it and create plenty of buying support due to dividend yield.
Just my personal preference, nothing to do which one is good.
Anyway, just notice its major shareholders are also acquiring more stake from the market. No doubt about this company profitibility issue.
But the 1:25 distribution will create some odd lots in the market.
This post has been edited by cherroy: Dec 18 2007, 10:38 AM
Share dividend - How is it calculated?, need some experienced people to help me
Dec 18 2007, 10:32 AM
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