"so either there's been a breakthrough on the heating approach (I doubt it, no active pilot
wells at the moment) or they are getting close to pumping oil in the golan. I'm thinking it's the latter."
He thinks they are getting close to pumping oil in the Golan.
Here's some basic info per Barron's
"Penn (ticker: PENN) will split on Nov. 1 into a real-estate investment trust called Gaming & Leisure Properties (GLPI), and an operating company that will lease properties from the REIT. By January, each Penn holder will receive a total of 1.35 G&LP shares and a special $3.33 cash dividend, with the promise of more dividends to follow, as REITs, by law, must distribute 90% of their earnings."
"Following the spin-off, GLPI intends to elect to be taxed as a REIT for U.S. federal income tax purposes beginning with the 2014 taxable year, and to declare a one-time taxable cash and stock dividend in January 2014 to distribute any accumulated earnings and profits (“E&P”) attributable to any pre-REIT years to comply with certain REIT qualification requirements. Penn National Gaming estimates that the GLPI dividend will total approximately $1.05 billion, or $11.92 per share of GLPI common stock at declaration of the E&P dividend, and will be paid in a combination of cash and GLPI common stock. "
You get .40 in cash plus 5% in stock.
"Vector Group Ltd. (VGR) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. Additionally, the
Company declared its regular annual stock dividend of 5%. Both the quarterly cash and the annual stock dividends are payable on September 27, 2013 to holders of record as of September 16, 2013. "
It does not reduce the cash payout to .38. The .40 is not paid on the 5% stock dividend until the next quarterly dividend payout.