US gov SEC site says the same thing, and specifica
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Posted On: 01/24/2019 7:49:23 AM
US gov SEC site says the same thing, and specifically mentions dividend shares in a spinoff:
Quote:
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
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