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Frisch's Restaurants, Inc. Message Board

  • diversificationsucks diversificationsucks Sep 9, 2012 1:11 PM Flag

    So riddle me this?

    How much will the stock price drop on September 17? The trading day prior to the dividend being announced the FRS closed at 25.85. Closing price this past Friday was 32.75. So far the stock is up 6.90. Will it go lower than 25.85 and if so how much? Any guesses? :) This is going to be fun to watch. Very smart move putting out the special dividend before tax rates increase.

    For material special dividends, the rules of the New York Stock Exchange require the ex-dividend date to be one business day after the payment date. Accordingly, the ex-dividend date has been set for Monday, September 17, 2012. Shares of the Company's stock will trade with "due-bills" beginning August 29, 2012 (two business days prior to the record date) through the September 14, 2012 payment date. Shareholders who sell their shares before the payment date will not be entitled to receive the special cash dividend from the Company.

    Sentiment: Hold

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FRS
23.99+0.08(+0.33%)Aug 1 4:00 PMEDT

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