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Sinclair Broadcast Group, Inc. Message Board

  • rpw003 rpw003 Nov 29, 2012 9:15 AM Flag

    Dividend for shareholders of record Nov 30

    BALTIMORE, Nov. 1, 2012 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (SBGI) announced that its Board of Directors has declared a special cash dividend of $1.00 per share and a quarterly cash dividend of $0.15 per share on the Company's Class A and Class B common stock. The dividends are payable on December 14, 2012, to the holders of record at the close of business on November 30, 2012.

    Is this correct or is this a false statement. wondering why we had a drop yesterday?

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    • re:"The dividends are payable on December 14, 2012, to the holders of record at the close of business on November 30, 2012.Is this correct or is this a false statement. wondering why we had a drop yesterday?"

      That is correct. As you may know, stock transactions take 3 business days for the transaction to settle into your account. So, in order to be a shareholder of record by the 30th, that means you would have needed to be a buyer of SBGI no later than the 27th of November. The reason the stock price dropped was due to it "X'ing" out yesterday.
      Good luck rpw

 
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