Yes, you'll receive the current dividend. Buyout is for stock and cash. 60% MBT stock and 40% cash. If you want all stock or cash, you will be able to elect this option, but if everyone elects the same, all will get a mix of 60% stock and 40% cash. Some time will pass before deal closes and you can always sell your HCBK shares before the deal closes. Shareholders of both banks still need to approve the deal.