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LFB ex-dividend on 6/22 ($7.54)

Timber and box firm Longview Fibre will pay a Special dividend of $7.54 on August 7 to holders as of Thursday, June 22 in connection with its plan to convert to a real estate investment trust. If you own more than 100 shares, you can elect to receive the dividend in shares instead of cash. Longview just rejected a $26-per-share cash takeover offer.

4 Responses to “LFB ex-dividend on 6/22 ($7.54)”

  1. eric Says:

    this said in the report to share holders that posess at the close of the 26th of june.

  2. Sam Says:

    You must own LFB at the opening of 6/22 to get the dividend.

  3. Valerie Says:

    Doesn’t this dividend fall under the 25% rule so that you can own it the day before it the day before it goes ex and when it goes ex and get the dividend? If that is the case, the ex date will be one day before the pay date by SEC law.

  4. Sam Says:

    The special distribution of $7.54 per share, or approximately $385 million in the aggregate, is payable on August 7, 2006, to the company’s shareholders of record at the close of business on June 26, 2006.

    Based on shareholder elections, the company expects the special distribution to consist of about 14.67 million shares of its common stock, resulting in a total of approximately 65.75 million shares outstanding, and approximately $77 million in cash.

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