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Posted On: 01/25/2019 9:49:37 AM
Post# of 36566
hoops,
According to latest press release, the ex-dividend date is the 28th(Monday), shares bought and sold on and after that date are not entitled to the dividend. The ex-dividend date is the date the stock trades without the dividend attached.
"The ex-dividend date determines whether a shareholder who sells Generex stock will retain the dividend. Based on FINRA rules, Generex understands that if a shareholder holds Generex stock but sells it before the ex-dividend date, the buyer will be entitled to the dividend. If a shareholder holds Generex stock and sells it on or after the ex-dividend date the buyer will not be entitled to the dividend."
Also, I think the new stock will sit on GNBT'S books until it starts trading on an exchange. So at some point before that day or prior, the new shares will simply show up in your account.
According to latest press release, the ex-dividend date is the 28th(Monday), shares bought and sold on and after that date are not entitled to the dividend. The ex-dividend date is the date the stock trades without the dividend attached.
"The ex-dividend date determines whether a shareholder who sells Generex stock will retain the dividend. Based on FINRA rules, Generex understands that if a shareholder holds Generex stock but sells it before the ex-dividend date, the buyer will be entitled to the dividend. If a shareholder holds Generex stock and sells it on or after the ex-dividend date the buyer will not be entitled to the dividend."
Also, I think the new stock will sit on GNBT'S books until it starts trading on an exchange. So at some point before that day or prior, the new shares will simply show up in your account.
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