74431642
Dannywl
OP
:
I think this is a special dividend, according to the latest news, "Because the Special Dividend exceeds 25% of ARCA's stock price on the declaration date, it is subject to an ex-dividend date of one business day after the payment date pursuant to the rules of The Nasdaq Stock Market LLC ("Nasdaq"). Accordingly, Nasdaq has set August 29, 2024 as the ex-dividend date for the Special Dividend. In addition, ARCA understands that trades of ARCA's common stock entered into during the due bill period beginning August 25, 2024 (the business day before the record date for the Special Dividend) and through August 28, 2024 (the "Due Bill Period") will have a due bill attached for the Special Dividend. Due bills obligate sellers of ARCA common stock to deliver the Special Dividend to the buyer. This means that persons who purchase ARCA common stock during the Due Bill Period (even if the trade will settle after the Due Bill Period) are entitled to receive the Special Dividend, and persons who sell the stock during the Due Bill Period (even if the trade will settle after the Due Bill Period) are not entitled to the Special Dividend. Accordingly, if an investor wishes to receive the Special Dividend, the investor will need to hold the securities through and including the payment date of August 28, 2024."
74431642
:
The Due Bill Periods is from 25 to 28 August, so if you buy the stock during the Due Bill Periods, seller who sells you the stock will transfer their special dividend to you. I hope I understand this correctly.
TranceHead
Dannywl
OP
:
if you sell before ex date, the person who buys your shares gets the dividend, if you sell on payment date before ex date, you can be issued with a bill to pay the dividend to the person(s) who bought your shares
71679526 : If it gets volume it’s over, straight to 12+. No vol though
Dannywl OP 71679526 : Yes thought so, not enough volume
74431642 : it might fly a little on 28 cause it's the last day to buy in order to get the dividend.
Dannywl OP 74431642 : I thought record date is 26?but still if sold it before 29 then might consider forfeit the dividends right?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
74431642 Dannywl OP : I think this is a special dividend, according to the latest news, "Because the Special Dividend exceeds 25% of ARCA's stock price on the declaration date, it is subject to an ex-dividend date of one business day after the payment date pursuant to the rules of The Nasdaq Stock Market LLC ("Nasdaq"). Accordingly, Nasdaq has set August 29, 2024 as the ex-dividend date for the Special Dividend. In addition, ARCA understands that trades of ARCA's common stock entered into during the due bill period beginning August 25, 2024 (the business day before the record date for the Special Dividend) and through August 28, 2024 (the "Due Bill Period") will have a due bill attached for the Special Dividend. Due bills obligate sellers of ARCA common stock to deliver the Special Dividend to the buyer. This means that persons who purchase ARCA common stock during the Due Bill Period (even if the trade will settle after the Due Bill Period) are entitled to receive the Special Dividend, and persons who sell the stock during the Due Bill Period (even if the trade will settle after the Due Bill Period) are not entitled to the Special Dividend. Accordingly, if an investor wishes to receive the Special Dividend, the investor will need to hold the securities through and including the payment date of August 28, 2024."
74431642 : The Due Bill Periods is from 25 to 28 August, so if you buy the stock during the Due Bill Periods, seller who sells you the stock will transfer their special dividend to you. I hope I understand this correctly.
TranceHead Dannywl OP : if you sell before ex date, the person who buys your shares gets the dividend, if you sell on payment date before ex date, you can be issued with a bill to pay the dividend to the person(s) who bought your shares