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  • rcgregg rcgregg • Sep 7, 2012 8:06 PM Flag

    ex-dividend date?

    The news that I have read sets the ex-dividend date at Sept. 5, 2012. Am I wrong? And if so where is it confirmed?
    H&E Equipment Srvs (HEES $19.38 +1.88) announced that its Board of Directors declared a one-time special cash dividend of $7.00 per share, payable on September 19, 2012 to stockholders of record at the close of business on September 5, 2012. The aggregate amount of the payment to be made in connection with the Dividend will be approximately $246 million.

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    • cwn600 cwn600 • Sep 9, 2012 3:09 AM Flag

      "The news that I have read sets the ex-dividend date at Sept. 5, 2012. Am I wrong?"

      Yes, you are wrong. Sept 5th is the record date, not the ex-date. Record date and ex-date are not the same thing.

    • rcgregg rcgregg • Sep 7, 2012 8:12 PM Flag

      I now see why the date has been changed to Sepr 20.
      The Company understands from NASDAQ that, because the Dividend is expected to exceed 25% of the Company’s share price, NASDAQ will apply this rule, and the Company expects, in accordance with this rule, that the ex-dividend date as set by NASDAQ will be September 20, 2012, the first business day following the payable date for the Dividend.

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