i wouldn't normally post this here but today is the last day to get in on this divedend but I can't find any more info on the stock. The ticker is CAJFF.PK It's supposed to be canon and a few sites have that 50 dollar divedend, suposadely they pay massively like that every year. this seems to good to be true that's why i need a second opinion. but hey if it's any good we can all make money
It sounds too good to be true, and it probably is. I dug around a little bit, and I think what you are seeing is a glitch in one of the big data servers. It looks to me like CAJFF is not the Canon ADR but rather pink sheet shares of Canon as it trades on the Nikkei. The dividend of 50 then would not be in dollars (as the servers seem to say), but in yen. I haven't seen any clear proof of this hypothesis, but if you look at the dividend history for CAJFF and assume that those figures are yen they match pretty well with what CAJ has paid in dollars. I could be wrong of course, and you can throw some money at it and find out. At worst you would be getting Canon shares cheaper than CAJ, but you might have trouble moving them later.