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Vinco Ventures (NASDAQ:BBIG) is trending up this morning after announcing a new distribution date for its Cryptyde spinoff. BBIG stock is up nearly 5% at the time of writing as shareholders await the June 29 dividend date.
Vinco announced today that its board of directors approved June 29 as the official distribution date for Cryptyde stock. On this date, Cryptyde shares w
ill be distributed to Vinco shareholders as part of the separation of the two companies into independent, publicly traded businesses. On June 29, qualified BBIG stockholders will receive one share of Cryptyde common stock for every ten shares of Vinco Ventures held.
Today's news surely comes as a breath of fresh air for BBIG stock owners, who previously expected the dividend to hit May 27. It was announced late in May that the company was delaying the dividend distribution for which it has now named the new date.
BBIG Stock Climbs Ahead of Dividend Distribution
After the split, Cryptyde will trade on the Nasdaq exchange under the TYDEV ticker. Meanwhile, Vinco will still be traded under the BBIG ticker.
Since May 18, the record date of the deal, Vinco investors have likely been eager for an update on the dividend. Since that date, new owners of BBIG stock are no longer qualified to receive the Cryptyde dividend. Those who purchased a qualifying amount of Vinco prior to the record date are eligible.
BBIG stock has had something of a rollercoaster year so far. Since announcing its Cryptyde dividend, the stock has seen steep peaks matched by spontaneous selling streaks. From its January high of $5.19 per share, today BBIG is trading for about $2.20.
Cryptyde is essentially an extension of Vinco's blank-check aspirations. It's a selective acquisitions company, focused exclusively and related technologies. The project already consists of several digital projects in the space, including augmented reality endeavors. Whether the project reaps the returns investors are surely hoping for remains to be seen.
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On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post Dear BBIG Stock Fans, Mark Your Calendars for June 29 appeared first on InvestorPlace.
InvestorPlace-股票市场新闻、股票建议和交易提示
Vinco Ventures纳斯达克(Sequoia Capital:BBIG)今天上午宣布了新的发行日期后,股价上涨加密型衍生品。在撰写本文时,BBIG的股价上涨了近5%,因为股东们正在等待6月29日的股息日期。
Vinco今天宣布,其董事会批准6月29日为Cryptyde股票的正式分销日期。在这一天,作为将两家公司分离为独立的上市公司的一部分,Cryptyde的股票将分配给Vinco的股东。6月29日,符合条件的BBIG股东每持有10股Vinco Ventures,将获得1股Cryptyde普通股。
对于BBIG的股东来说,今天的消息无疑是一股新鲜空气,他们之前预计股息将于5月27日到期。5月下旬,该公司宣布将推迟股息分配,目前已将新日期定为新日期。
BBIG股票在股息分配之前攀升
拆分后,Cryptyde将在纳斯达克交易所的股票代码为TYDEV。与此同时,Vinco的交易代码仍将是BBIG。
自5月18日这笔交易创纪录以来,Vinco的投资者可能一直渴望了解最新的股息。从那时起,BBIG股票的新所有者不再有资格获得Cryptyde股息。那些在记录日期之前购买了合格数量的Vinco的人是有资格的。
到目前为止,BBIG的股票经历了一个过山车般的年份。自宣布派发Cryptyde股息以来,该股经历了陡峭的峰值,同时出现了自发的抛售。从1月份每股5.19美元的高点算起,BBIG目前的股价约为2.20美元。
Cryptyde本质上是Vinco空白支票愿望的延伸。它是一家选择性收购公司,专门专注于密码和相关技术。该项目已经包括了该领域的几个数字项目,包括增强现实努力和不可替代令牌铸造。该项目能否获得投资者肯定希望的回报仍有待观察。
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在本文发表之日,Shrey Dua并未(直接或间接)持有本文所述证券的任何头寸。本文中表达的观点是作者的观点,受InvestorPlace.com发布指南的约束。
亲爱的BBIG股票粉丝,标记你的日历6月29日的帖子最早出现在InvestorPlace上。