83-68, the IRS ruled that a distribution of a stock dividend
by a Federal Home Loan Bank (FHLB) to its member banks would be treated as a Sec.
Shareholders participating in the company's dividend reinvestment program may elect to transfer the fractional share or all of the stock dividend
into their plan account, and for nonparticipating shareholders, a fractional share buy-up option will be offered.
A second German tax benefit results because the stock dividend
earnings are characterized as share premium reserves or capital contributions.
It is also worth noting that this stock dividend
issuance will occur without any action required on the part of PAIM shareholders.
Once all documentation is processed, we are hopeful that the new stock symbol, the exchange date for the 100 to 1 PGMC forward split, and the payment date for the stock dividend
issuance will be given to us by NASDAQ within a few more days," President/CEO Gotanco added.
The 10 percent stock dividend
will result in an adjustment after the record date in the conversion price of Webster's Series B7-1/2 percent Cumulative Convertible Preferred Stock from $19.
Metropolitan Financial distributed earlier stock dividends
of 10 percent in 1985, 1987, 1988, 1989 and 1990, 20 percent in 1991, a three- for-two stock dividend
in 1986, and a two-for-one stock dividend
Shareholders of record on January 5, 2007 will be entitled to the 10% stock dividend
4 /PRNewswire/ -- The board of directors of Pulitzer Publishing Company (NASDAQ-NMS, MSE: PLTZ) today declared a 10 percent special stock dividend
on its common stock and Class B common stock.
NYSE:FF) announced today that its Board of Directors declared a common stock dividend
NASDAQ: RPOW) today announced that its board of directors, at a meeting immediately before its annual meeting, declared a 50 percent stock dividend
and a 6 percent increase in its quarterly cash dividend rate to $.
The Board of Directors for Eaton Laboratories announced the declaration of a special stock dividend
through which Eaton Laboratories will spin off its wholly-owned subsidiary, IVPSA, Inc.
AMEX: GNA) announced today the declaration of a 3-for-2 stock split in the form of a 50 percent stock dividend
payable on Sept.
The stock dividend
will be payable September 29, 2006 to Shareholders of record as of September 8, 2006.
NASDAQ-NMS: CULP) today announced that its Board of Directors has declared a 30 percent stock dividend
in addition to a regular quarterly cash dividend of $0.