If a corporation with a buy-back plan declares a stock dividend
, a shareholder's redemption right under the plan might be viewed as an election by the shareholder to receive a stock split distribution in either stock or property under Sec.
Combined with the quarterly cash dividends, this 5 percent stock dividend
results in a very attractive return to many shareholder investors," said Sickels.
If the GmbH were to declare a stock dividend
equal to its accumulated retained earnings, a German tax refund of approximately DM 2,800,000 ($1,700,000) could be obtained.
The positive effect of this is that more shareholders can avail of this stock dividend
in a solid company with bright potentials such as Phil Oil.
OTC:PGMC)(New Stock Symbol pending NASDAQ advise), and the stock dividend
issuance of PGMC common shares to Pearl Asian Mining Industries (OTC:PAIM) shareholders.
NYSE-GTY), reported that at the Board of Directors meeting held today, the Directors declared a quarterly Common Stock dividend
in the amount of $0.
Pearl Asian Mining Industries Reports Landowner of Property Adjacent to XYZ Mine Site Agreeable to Allow Immediate Passage to Commence Geological Survey and More Detailed Sampling, Subject to Mutually Beneficial Terms; PAIM Provides Clarification on Issuance of Stock Dividends
of PGMC to PAIM Common Shareholders as of Record Date of Feb.
This stock dividend
is not only reflective of the success enjoyed by the Company in the prior year, but also of our Board of Directors' positive outlook for the future.
Myers, President and Chief Executive Officer, stated that, "The decision by the Board of Directors to declare the stock dividend
and the $0.
The terms of the stock dividend
as approved by the Board are such that, if the Fund's shares are trading at a premium to net asset value on the dividend payment date, then new shares will be issued at the greater of net asset value or 95% of the market price per share on the payment date.
The IVPSA stock dividend
will be based on 10,873,750 shares of Eaton Laboratories common stock that are issued and outstanding as of the record date.
The stock dividend
will be payable September 29, 2006 to Shareholders of record as of September 8, 2006.
NASDAQ: CASS), the nation's leading provider of freight, utility and telecom invoice payment, rating, auditing and information services, announced a 50% stock dividend