"The special cash dividend of $0.46 per share is to be paid on December 31, 2013 to holders of record of common shares at the close of business on December 6, 2013." from Vecima's PR
"The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend." from the SEC website
The recipient of the dividend is the owner of the stock on Dec 3.
If this goes like the last time, the stock price will move up until the ex-div date (Dec 4) & then drop sharply on that day.
It's been a long time coming, but as we've all here predicted would happen, Vecima is starting to get some attention. If the 1st qtr. report is decent - $0.12 or better - the validation of Kumar's promised "growth period" will be solidly in place. I added some in the $4's & $5's and now will add as the news warrants. We've got to feel pretty good about this - vindicated by events. I know my account totals are a lot easier to read with this move.
Good work, Z, and Chart. You each can take a bow!
I'm going to quit trying to trade this. Fortunately, I happen to be in at the moment, but the risk of missing a nice move like the one we'll get this am is just not worth taking. Count me as a long term long.
The battle's joined. We'll have to sort through the various charges to see if any have merit. My guess on first read is that the case is not very strong & that the company will prevail, but that some of the lofty expectations built into the price will be lowered.
Started a position this am. Will add over time if performance is good. My big holding in this space is Vecima. They've recently moved into fleet management & don't have the big presence of FLTX, but could become a player because of their software expertise.
Yeah, good presentation. Basically, full speed ahead. No obvious threats to solid revenue growth in this climate. Go long & stay there.