Tetragon Financial Group Announces Q3 2024 Dividend Details
Tetragon Financial Group Limited Dividend Declaration
On October 29, the Board of Directors of Tetragon Financial Group Limited declared a dividend of U.S. $0.11 per share for the third quarter of 2024. The ex-dividend date is set for November 1, while investors will need to be on record by November 4 to qualify for this payment. The anticipation is high as dividends are expected to be paid out starting November 27.
Optional Stock Dividend Plan
For shareholders interested in diversifying their compensation, Tetragon provides an Optional Stock Dividend Plan. This allows investors to opt for stock rather than cash for their dividends. Shareholders are encouraged to make their election by November 14 if they choose to receive shares instead of cash payments. Those who do not make an election will receive their dividends in cash starting November 27.
Dividend Currency Options
In a further effort to accommodate its investors, Tetragon allows cash dividends to be received in Sterling. Shareholders should also make their currency preference known by November 14 to ensure they receive their dividends in the desired amount. If no election is made, U.S. dollars will be provided for these dividends.
Understanding the Stock Conversion Ratio
The reference price for those choosing shares in place of cash is set at U.S. $12.65, enabling a conversion ratio of one new share for every 115 dividend rights held. This reference price is determined based on the average trading prices from Euronext Amsterdam during a specified period, thus adding clarity to the shareholder's options.
About Tetragon Financial Group
Tetragon is recognized as a Guernsey closed-ended investment company. With its non-voting shares traded on Euronext Amsterdam, Tetragon operates in a regulated market and holds a presence on the Specialist Fund Segment of the London Stock Exchange. The company is managed by Tetragon Financial Management LP, which follows a mission to optimize shareholder value.
Contact Information
The Tetragon Investor Relations team is led by Yuko Thomas, who is available for any inquiries regarding the company's procedures and offerings. Additionally, Prosek Partners handles press inquiries, ensuring that communication channels remain open and informative for both investors and the media.
Frequently Asked Questions
What is the declared dividend per share by Tetragon Financial Group?
The declared dividend is U.S. $0.11 per share for the third quarter of 2024.
What options do shareholders have for receiving dividends?
Shareholders can choose between receiving dividends in cash or opting for shares of Tetragon through the Optional Stock Dividend Plan.
When is the ex-dividend date for Tetragon's latest announcement?
The ex-dividend date is November 1, 2024, meaning stocks must be purchased before this date to qualify for the dividend.
How can shareholders elect to receive their dividends?
Shareholders can make their elections for either cash or shares up until November 14, 2024.
Who manages Tetragon Financial Group?
Tetragon is managed by Tetragon Financial Management LP, which oversees its investment strategies and operations.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.