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Stonemor Partners LP Message Board

lmsarchivist 2 posts  |  Last Activity: Aug 28, 2014 5:37 PM Member since: Apr 25, 2012
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  • Reply to

    NO NTLS DIVIDEND

    by vonstutt Aug 27, 2014 2:16 PM
    lmsarchivist@sbcglobal.net lmsarchivist Aug 28, 2014 5:37 PM Flag

    Did they announce that they were suspending dividends? If so, what date is that press release, I would like to read it?

  • Reply to

    Earlier NAO Announcement

    by thom_schleicher Jul 11, 2014 9:38 AM
    lmsarchivist@sbcglobal.net lmsarchivist Jul 11, 2014 10:10 AM Flag

    The 1/27/14 NAO announcement stated "Setting of a record date and the distribution of shares are expected around the time of the planned listing of NAO on the New York Stock Exchange." That did not end up happening and they are just announcing it now. So today's announcement is just the setting of the record and distribution date for that previously announced dividend. Note that the January announcement stated there was a total dividend declared of $0.25 ($0.12 cash and $0.13 NAO stock). Today's announcement only announces a $0.12 cash dividend and refers to the NAO distribution as "We have previously informed investors about the dividend-in-kind (shares in Nordic American Offshore) that will be awarded to NAT shareholders." In summary there are NOT two different dividends of NAO stock. The one detailed today is the one announced in January and is not in addition to the one announced in January.

STON
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