Advertisement
Advertisement
U.S. markets closed
Advertisement
Advertisement
Advertisement
Advertisement

Shenandoah Telecommunications Company (SHEN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
22.45-0.01 (-0.04%)
At close: 04:00PM EST
22.45 0.00 (0.00%)
After hours: 04:01PM EST
Advertisement
Sign in to post a message.
  • s
    skyward1
    this stock moves like watching grass grow in the desert
  • s
    skyward1
    boring
  • C
    Cashman22
    Question. There is a good chance the stock price will go down after the dividend. Why is the 8/20/2021 put volume and O/I so low? I thought more traders would take advantage of this. Does this have to do with the ex-dividend being repriced in the option? Thanks for any insight.
  • J
    Johnny
    Unless the company is going to use the dividend reinvestment program to purchase a LOT of stock on August 2nd to drive the price up substantially, there will be a HUGE sell-off on August 3rd, and dollars to doughnuts, retail stockholders will get the lowest price for the stock they sell. There should be a requirement to put some mechanism in place to give some protection to retail stockholders. If not, I see a lot of class-action lawsuits ahead.
  • N
    Nathan
    Just trying to be helpful. Some people believe that if they buy the stock before the Record Date and sell before the Ex-Div Date they will receive the dividend. Not true. Don't want anyone to be snookered. Please see information below from Interactive Brokers not me.

    Special Dividends: "Due Bill" Process

    "In some cases, special dividends may have different rules than regular dividends concerning the ex-dividend date. If a special dividend is less than 25% of the stock price, standard rules apply regarding the ex-dividend date (ex-date is before the record and pay date). However, if a special dividend is greater than 25% of the stock price*, the ex-dividend date will be after the record date and pay date.

    In the case of a regular dividend or a special dividend of less than 25% of the share price, one would need to own a stock by the record date in order to be entitled to the dividend. However, this is not the case for special dividends that are more than 25% of the stock price. If one were to sell a stock after the record date but before the ex-dividend date, they would no longer be entitled to the dividend. The shares would be tagged with something called a "due bill" which means that the seller is obligated to pay the dividend to the buyer. Likewise, if one were to buy a stock after the record date but before the ex-dividend date (and hold it through the ex-date), they would be entitled to the dividend from the seller."
  • h
    hirsct
    The statement says record date for special dividend is July 13, which makes ex-dividend date July 14.
    But in the next sentence it states ex-dividend date is August 3 with a payable date the prior day, August 2.
    Am I the only person confused ? Does anyone have correct/accurate info ?
  • R
    Rob
    They just announced the sale closing this morning. $18.75 special dividend to be announced once the board puts there stamp of approval. Any day now.
    Bullish
  • N
    Noshadow
    10X normal volume today...A Special $18.75 dividend is on the way
  • N
    Noshadow
    People are taking their time buying this, since Ex div date is August 2nd .. This will be decently higher by that date
  • R
    Rob
    I called it yesterday to buy knowing that this $18.75 free dividend was about to be announced. It's not too late to get in as this should be trading above $80. Low float high shorts can squeeze this higher. If shorts don't cover they will have to pay us the dividend of $18.75 out of their own pockets.
  • D
    DF
    SHEN with S, now S is down, SHEN?
  • A
    Average
    Just saw two posts about SHEN on r/Wallstreetbets ... taking in account the very low average volume, once people start jumping in, SHEN will go to the moon, especially when they are giving out free divi at 18.75$
    Bullish
  • D
    Darcy
    got the dividend even without holding past the 16th. easy money
  • A
    Average
    Due to special dividend being greater than 25% of comapany's value. You would need to hold through the ex-dividend date in order to receive the dividend. Therefore you need to hold shares from 9.7.2021 through 3.8.2021 in order to receive the $18.75 special dividend.

    There is a 2 day settlement period for transactions. Therefore your shares have to be settled in by this Friday (9.7.) the latest in order to receive the special dividend
  • h
    hirsct
    They’ll be a sell off tomorrow that will considerably exceed the 18.75 markdown for special dividend. A mid 20’s stock price is likely where it will settle.
    This company has sold a major part of its business and what’s left is not worth much.
  • D
    Dinesh
    Finally, dividend received
  • J
    Jian
    WHERE TF IS MY DIVIDEND
    Bearish
  • D
    DerickM
    Any E*TRADE investors got their div yet?
  • A
    Anonymous
    I’m confused. If the ex dividend date is august 3rd, but the payment for the special dividend is August 2nd why can’t we just sell it after record date of July 14th? If we hold until August 3rd it doesn’t make sense if we already received payment on august 2nd…. Where am I wrong here ?
  • N
    Nathan
    Dividends 101

    1. Forget about the Record date. It is relevant to the company bookkeeping not to you as an investor.
    2. There is no free lunch with dividends. You must buy and hold the stock until the Ex-Div date to receive the dividend. The stock price will drop (usually by the amount of the dividend) at the opening of the ex-div day.
    3. If you itemize deductions on taxes, then any investment interest expenses (e.g., margin interest) can be used to offset the dividend. This can reduce your overall income subject to taxes.
Advertisement
Advertisement