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Advent Software, Inc. Message Board

  • electrowing Jun 18, 2013 8:36 AM Flag

    ex-dividend date

    Does anybody know for sure what is the ex-dividend date for this special dividend? Normally it would be T-2 (two days before date of record). However FINRA has a special rule for dividends 25% or greater:

    According to FINRA: " In respect to cash dividends or distributions... which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date." (google "FINRA Normal Ex-Dividend, Ex-Warrants Dates")

    According to this rule, ex-dividend date would appear to be July 10....

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