TROY a 3 buck stock now 4 bucks. Is doing a 1 buck div if you own stock by Nov 3rd I believe.
That's a easy way to make afew bucks.
Anyone have other info?
That's a easy way to make afew bucks.
Anyone have other info?
What's with this one TROY.
- Thread starter djv
- Start date
Yes DTB and few companies just do give aways. I mean this is better then a 1000 bet on Team a the so called lock. I mean 800 bucks makes you 200 bucks in 14 days? Unless my math is off.
TROY Group, Inc. Announces Special Cash Dividend
10-26-2006 7:00 PM EDT
SANTA ANA, Calif., Oct. 26 /PRNewswire-FirstCall/ -- TROY Group, Inc. (OTC: TROY) announced today that its Board of Directors has declared a special cash dividend of $1.00 per share of its outstanding common stock. This special dividend will be payable on November 24, 2006 to stockholders of record on November 10, 2006.
Mr. Patrick J. Dirk, Chairman and CEO commented, "The Board determined that the Company has adequate cash reserves to allow it to provide its stockholders a special dividend, which may have certain income tax benefits for them. As TROY currently has no long-term debt, it is the opinion of the Board that the Company's cash balance after this dividend and its currently unutilized $5 million line of credit give the Company adequate resources to continue to invest in its business. The Board also believes that this special dividend allows our stockholders to share in the continued cost-savings from the Company's deregistration and positive results in 2006."
Mr. Dirk continued, "This special dividend should not be construed as a determination by the Board of Directors to pay regular dividends. Any future consideration of dividends will be based on TROY's operating results, financial condition, cash requirements, future prospects and other factors."
For U.S. federal tax purposes, TROY has estimated that a portion of the special cash dividend will be treated as a tax free return of capital. The exact amount of the return of capital is dependent on the earnings of the Company through the end of its fiscal year and is subject to confirmation through the completion of a formal evaluation process which is expected to take several months. Once a final determination is made, tax notices will be sent to individual stockholders.
Stockholders are encouraged to consult with their financial advisors regarding the implications of the ex-dividend and holder of record dates and their tax advisors regarding the tax treatment of the special cash dividend. The ex-dividend date will be determined by the National Association of Securities Dealers, Inc.
Dates
Dividends must be declared (i.e., approved) by a company?s Board of Directors each time they are paid. There are four important dates to remember regarding dividends.
Declaration date: The declaration date is the day the Board of Director?s announces their intention to pay a dividend. On this day, the company creates a liability on its books; it now owes the money to the stockholders. On the declaration date, the Board will also announce a date of record and a payment date.
Date of record: Shareholders who properly registered their ownership on or before this date will receive the dividend. Shareholders who are not registered as of this date will not receive the dividend. Registration in most countries is essentially automatic for shares purchased before the ex-dividend date.
Ex dividend date: Is set by the exchange where the stock is traded, several days (usually two) before the date of record, so that all trades made on previous dates can be properly settled and the shareholder list on the date of record will accurately reflect the current owners. Purchasers buying before the ex-dividend date will receive the dividend. The stock is said to trade cum dividend on these dates. Purchasers buying on or after the ex-dividend date will not receive the dividend. The stock trades ex-dividend on these dates.
Payment date: The date when the dividend cheques will actually be mailed to the shareholders of a company.
Dividends must be declared (i.e., approved) by a company?s Board of Directors each time they are paid. There are four important dates to remember regarding dividends.
Declaration date: The declaration date is the day the Board of Director?s announces their intention to pay a dividend. On this day, the company creates a liability on its books; it now owes the money to the stockholders. On the declaration date, the Board will also announce a date of record and a payment date.
Date of record: Shareholders who properly registered their ownership on or before this date will receive the dividend. Shareholders who are not registered as of this date will not receive the dividend. Registration in most countries is essentially automatic for shares purchased before the ex-dividend date.
Ex dividend date: Is set by the exchange where the stock is traded, several days (usually two) before the date of record, so that all trades made on previous dates can be properly settled and the shareholder list on the date of record will accurately reflect the current owners. Purchasers buying before the ex-dividend date will receive the dividend. The stock is said to trade cum dividend on these dates. Purchasers buying on or after the ex-dividend date will not receive the dividend. The stock trades ex-dividend on these dates.
Payment date: The date when the dividend cheques will actually be mailed to the shareholders of a company.
Veteran's Day is Sat. Nov 11th, but I believe it will be observed on Friday Nov 10th, which is also the date of record. So, you will have to own the stock by the 4pm close of the market on Tuesday Nov. 7th. I think these guys are being a little shady with the date game. If i have any of this wrong please clarify, but this is how I believe it breaks down.
I forgot to post..should've gone in between 5 & 6
The ex dividend date, also known as the reinvestment date, is a finance or investment term related to the payment of dividends.
Many publicly-traded companies pay dividends to their stockholders. The question of who should be paid dividends becomes complex, as these companies are continually being traded and the composition of their shareholders therefore changes each day. In order to settle this question, companies designate a date, known as the record date. Dividends are paid to the list of shareholders who hold stock on the record date. The process is further complicated by the fact that it takes time for a stock purchase to "clear" or "settle". In order to allow time for this processing, stock exchanges set a date - generally two business days prior to the record date - known as the ex-dividend date. Someone who purchases the stock on or after the ex-dividend date will not receive the dividend, as the purchase will not "settle" by the record date, and therefore the buyer will not be on the list of shareholders to which the company pays its dividends.
Note that dividends are not always paid on the record date. Dividend payment is made on a separate date known as the due date.
When the market opens on the ex-dividend date, the exchanges automatically decrease the price of the stock by the amount of the dividend. This is done because the dividend payout will decrease the value of the company, as it comes directly from the company's reserves.
Calculating the exact ex dividend date can be important if the dividend is big, and the stock has been sold on or near the ex dividend date. As of now, July 2005, the United States has three days of settlement for stock trades, although there has been talk of shortening to one day. So the ex dividend date is normally two business days (3 minus 1) before the record date. Business days are defined by when banks are open in New York City, not by when the stock markets are open. Thus Columbus Day and Veterans Day are business days for the stock markets, but not for calculating an ex dividend date. If the record date isn't a business day, then you count back from the most recent business day instead of the actual record date. For instance, if the record date is Sunday, then the ex dividend date is the preceding Wednesday, not Thursday - assuming no holidays.
If a corporation is distributing something other than a cash dividend, such as rights or warrants, then an ex-dividend date can be called an ex rights date, or ex warrants date, etc.
The ex dividend date, also known as the reinvestment date, is a finance or investment term related to the payment of dividends.
Many publicly-traded companies pay dividends to their stockholders. The question of who should be paid dividends becomes complex, as these companies are continually being traded and the composition of their shareholders therefore changes each day. In order to settle this question, companies designate a date, known as the record date. Dividends are paid to the list of shareholders who hold stock on the record date. The process is further complicated by the fact that it takes time for a stock purchase to "clear" or "settle". In order to allow time for this processing, stock exchanges set a date - generally two business days prior to the record date - known as the ex-dividend date. Someone who purchases the stock on or after the ex-dividend date will not receive the dividend, as the purchase will not "settle" by the record date, and therefore the buyer will not be on the list of shareholders to which the company pays its dividends.
Note that dividends are not always paid on the record date. Dividend payment is made on a separate date known as the due date.
When the market opens on the ex-dividend date, the exchanges automatically decrease the price of the stock by the amount of the dividend. This is done because the dividend payout will decrease the value of the company, as it comes directly from the company's reserves.
Calculating the exact ex dividend date can be important if the dividend is big, and the stock has been sold on or near the ex dividend date. As of now, July 2005, the United States has three days of settlement for stock trades, although there has been talk of shortening to one day. So the ex dividend date is normally two business days (3 minus 1) before the record date. Business days are defined by when banks are open in New York City, not by when the stock markets are open. Thus Columbus Day and Veterans Day are business days for the stock markets, but not for calculating an ex dividend date. If the record date isn't a business day, then you count back from the most recent business day instead of the actual record date. For instance, if the record date is Sunday, then the ex dividend date is the preceding Wednesday, not Thursday - assuming no holidays.
If a corporation is distributing something other than a cash dividend, such as rights or warrants, then an ex-dividend date can be called an ex rights date, or ex warrants date, etc.
Yes I understand or believe I do the above. I have a very good friend that is one of those bad guys. At least called that here many times a lawyer and a CPA. Hes read all the data and said looks as it should. And that if there getting the tax break he believes they will get. It's not that bad for them. And when list of owners that have majority can give them self a nice pay raise. But not call it that. And pay taxes at lower level. Good Deal.
Down side he said possible is. If your buying stock to hold it past Div. That's one thing. If your like many. Get Div and then sell at once. Price may drop 50 cents to a buck fast. And you would have to subtract that from your profits. He has seen this before small stock big Div announced. Price jumps 50/75 cents to a buck as it did here in 4 days.
Then Div payed and with in day or two stock back down. Has to do with tax breaks put in law four years ago. That's where I get to I don't understand all that lingo.
Down side he said possible is. If your buying stock to hold it past Div. That's one thing. If your like many. Get Div and then sell at once. Price may drop 50 cents to a buck fast. And you would have to subtract that from your profits. He has seen this before small stock big Div announced. Price jumps 50/75 cents to a buck as it did here in 4 days.
Then Div payed and with in day or two stock back down. Has to do with tax breaks put in law four years ago. That's where I get to I don't understand all that lingo.
Baby never gave that a thought. I don't do that very often. Would rather a expert at that move give advise. I do see price is up to 4.21.
