It was changed in the May 18th meeting to June 3rd. "The final dividend will be paid on or before 27th June 2005 to all the shareholders registered in the shareholders� register of Sinopec Corp. as at 3rd June 2005."
Company Events And Corporate Actions On May 19, 2005 the board of directors at China Petroleum & Chemical approved a dividend of $0.97 per share. The dividend is payable to shareholders of record on June 3, 2005."
The above is a quote from a third party report by Fidelity Research
Why is this stock so cheap? I think we're all scratching our heads over this, and I don't have a clue. However, I am going to continue holding this stock, simply because I honestly think SNP is undervalued. This company should be selling for at leat $45 bucks a share.