First off hello to all the long term posters (Bobd, gogo, hana, wally). Been awhile since I posted but been reading the board. Thanks for all your insightful comments and observations. Still holding long and strong in the upper 20 thousand shares range. Do have a question though.
With the dividend going ex before the split how will they allocate after the split? My assumption is that it will be distributed based on the split percentages but can't find anything to verify my assumption.
Been a very nice ride and wishing the best to all going forward. Hope your recovering well gogo.
My guess is that NCT will retain the cash to make the distribution. So, I do not believe that the dividend will be distributed based on the split percentage. Only on company has declared the dividend, NCT, so only one company is liable.
I can see where they could go either way with it but would prefer that they apply the retained cash to the split companies and reinvest in both companies. As it is I need to sell some shares just to rebalance but holding off for a bit as I think this is just starting to get going. I will keep looking to see if I can find another company that has done a company split after declaring a div.
The date of record agh is March 25th which would put ex date at the 21st.