Most companies have a record date a month before the payable date, but usually the ex div date is within days of the payable date, so don't know why GNBT chose that. Joe did say on here a day or two ago, that it was FINRA that set the dates, but that does seem like a long time. However, if good news comes out during that time, day traders can't come in and try to grab shares of the dividend, since we know they don't hold shares. They'd just as well dump the new NI-O shares as soon as they are public in the future.