I was thinking the same. Then my last brokerage statement showed a payment of about $60 in lieu of unexercised warrants(rights?) I did not understand this to be a rights offering. Using the 1 share for 50 I was expecting another 12 shares to show up in my account. If I was given $60 for the 12 shares, I would rather have had the shares issued.
I have not had a chance to talk to my brokerage firm about this yet. I will post a message if I can get some definitive answer.
I too have not received the dividend. I did call Schwab because I did receive a small dividend but it was not the 50 for 1 dividend. They could not give me an answer. Per the press release on 7/22 it stated the dividend would happen anytime between August 1 and Sept. 15th once the relevant authorizations were obtained.