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Einstein Noah Restaurant Group, Message Board

  • rogers2308 rogers2308 Dec 7, 2012 10:23 AM Flag


    Press release has 12/28/12 as ex date and payable on 12/27/12 - you cant have an ex date after the payment. Hard to tell whether this should have been 11/18/12 or sometime in december ?????

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    • "you cant have an ex date after the payment"

      Yes, you can. And in fact, because of the size of the dividend relative to the stock price, stock exchange rules requires the ex-date to be after the payment date. And the company outright told you that in the declaration press release: "Pursuant to the rules of The NASDAQ Stock Market, when a dividend is declared in a per share amount that is 25% or greater than a Company's stock price, the date on which that company's shares will begin to trade without the right to receive the dividend, or ex-dividend, is the first business day following the payment date, rather than the second business day prior to the record date."

    • I'm wondering with a $4 special dividend with either a 7th or 16th record date why the stock is not spiking from $15.80? That's a great return in 21 days.

      Sentiment: Buy

    • Evidently the ex date is 11/28/12 for the special dividend of $4.00 so if you buy shares now you do not get the $4.00 special dividend so look for the share price to drop by $4.00 new buyers who are not alert could get harmed big time.

      Sentiment: Strong Sell

      • 2 Replies to rogers2308
      • "Evidently the ex date is 11/28/12 for the special dividend of $4.00"

        No. The ex-date is 12-28. They told you that in the press release. They also told you why it's 12-28.

        "so if you buy shares now you do not get the $4.00 special dividend"

        Yes, you do. You can but as late as 12-27 and still get the dividend.

        "new buyers who are not alert could get harmed big time"

        Same applies to anyone who listens to you.

      • Did you even read the PR?? Here's your answer:

        "The one-time special dividend of $4.00 per share is payable on December 27, 2012 to shareholders of record at the close of business on December 17, 2012 and will have an ex-dividend date of December 28, 2012."

        So it clearly states that if you buy now before December 17th you will get the $4 dividend. Where the hell did you get the 11/28/12 date from? LOL.

        I do not own any shares, but wanted to correct this for those interested.

        Sentiment: Buy

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