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Magal Security Systems (MAGS) Message Board

  • zarman3333 zarman3333 Jul 28, 2004 5:06 PM Flag

    allinthegame

    Hey, you can apologize anytime for this post of yours (below). No need to be embarrassed about not understanding the difference between a cash dividend and a stock dividend. Amatuers make mistakes like that all the time.

    by: allinthegame99 (45/M/The Commonwealth of VA) 07/27/04 09:58 pm
    Msg: 43399 of 43467

    LOL. Hey, just a heads up. This dude knows everything there is to know about stops, but apparantly, zippy about dividends.

    "Dividends are like stock splits..."

    Gotta remember that one.

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    • Whatever! The stock is going lower!

    • As an example to you and others, so you can understand better, here is a another stock dividend situation, just like what MAGS did but in different percentages:


      Press Release Source: Vaso Active Pharmaceuticals, Inc.


      Vaso Active Pharmaceuticals Declares 3 for 1 Stock Split
      Friday February 20, 7:45 am ET


      DANVERS, MA--(MARKET WIRE)--Feb 20, 2004 -- Vaso Active Pharmaceuticals, Inc. (Vaso Active) (NasdaqSC:VAPH - News) of Danvers, Massachusetts, announced today that the Board of Directors has declared a 3 for 1 stock split effective in the form of a 200 percent stock dividend payable on or about March 5, 2004 to holders of record of both Class A and Class B common stock as of February 23, 2004. Under the terms of this stock split, holders of the Company's Class A and Class B common stock will receive a dividend of two shares of Class A and Class B common stock for every one share of Class A and Class B common stock held on that record date. The dividend will be paid in authorized but unissued shares of Class A and Class B common stock of the Company.
      ADVERTISEMENT


      The Company anticipates that the combined amount of issued and outstanding shares of both the Class A and Class B common stock after the split will be increased from 3,428,000 shares to 10,284,000 shares

 
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