Comments on: SKS ex-dividend on 12/1 (22%, special)

by: Patrick

Wed, 29 Nov 2006 22:05:13 +0000

Yesterday, tanker company Frontline declared a dividend of $2.50/share payable to shareholders of record on December 7. The ex-dividend date is December 5. The dividend represents about 7% of Frontline’s closing share price of $34.55 on November 29.

by: Sam

Fri, 24 Nov 2006 19:44:35 +0000

Yes.

by: Lou

Fri, 24 Nov 2006 14:24:37 +0000

When Wall Street overrides company’s ex-date does that mean one can buy at anytime b/f Dec 1st, and
still receive the special dividend?

by: Jim

Sat, 04 Nov 2006 17:53:13 +0000

HAS ANYONE CHECKED OUT: EMMS (4.00) OR BN (16.00) SYMBOL: RRD HAS BOUGHT BN - PAYING 36.50 AFTER DIV. jim

EX 11-23 EX 11-22

by: voice_of_reason

Sat, 28 Oct 2006 15:53:37 +0000

Hi Everyone, just wanted to give some clarifying information to anyone reading the SKS announcement concerning the special $4.00/share dividend:

Saks Incorporated (NYSE: SKS) announced that its Board of Directors has declared a special cash dividend of $4 per share. The dividend payout will total approximately $550 million based on the current shares outstanding.

The special dividend will be payable on November 30, 2006 to shareholders of record as of November 15, 2006. Because of the magnitude of the special cash dividend, the New York Stock Exchange has determined that the ex-dividend date will be December 1, 2006, the business day following the payable date for the special cash dividend.

The above information was copied from the following location: http://www.streetinsider.com/Dividends/Saks+Inc.+(SKS)+Announces+Special+$4+Per+Share+Dividend/1230091.html

Just wanted to ensure no ambiguity concerning the record date, payable date, and ex-dividend date. Thanks and may you all make money !