It says declaration date, not payable date - read the last line in the text reproduced below, from the press release
With respect to HYT, shareholders should consider the distribution announced today to be inclusive of the distribution ordinarily declared on November 1, 2013 and any undistributed net investment income earned through the effective date of the Reorganizations. No other distribution for HYT will be paid during the month of November 2013. The next distribution declaration date for the combined fund (HYT) following the Reorganizations is expected to be December 2, 2013.
whatever is returned is charged back to the manufacturer/supplier/distributor ... if the customer says "does not work" or "a part is missing", a fee is also slapped on the charge back. This is how all major retailers work.
Immelt said that he will return 50% of profits in form of dividend ... so for FY 2014, the estimated EPS is $1.80 ... so we can expect an increase to 22-23c/qtr ... if that happens, it will be more than 10% increase
So, why would anyone buy at $13.85 from the parent company when they could pick at $11.85 from the market.
If someone is paying 13.85 for the same thing, isn't it a no-brainer to load this up at 11.85 fromt he market?
sure ... take your business to Starbucks ... pay twice for the same coffee
are you guys staying invested, now that the price is $15.60-15.70 (5% loss) or have you bailed out