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SWS ex-dividend on 6/13 (5%, special)

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SWS Group, a financial holding company, will pay a special dividend of $1.08 on July 2 to holders as of Wednesday, June 13. That’s 4.7% of the share price of $22.740. $1 of this is a special dividend. As it happens, SWS already paid a $1 cash exactly one year before. In both cases, SWS cited upcoming tax changes as the reason for paying a special dividend. More likely, SWS is trying to support its stock following a disappointing Q1.

SWS quote

This entry was posted on Tuesday, May 29th, 2007 at 9:11 am and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “SWS ex-dividend on 6/13 (5%, special)”

  1. LG Says:
    June 4th, 2007 at 10:51 am

    Where the June 13th X-date comes from, the company announcement seem to have record and payment dates but not the X-date?

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