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Todd Johnson
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Updated: 06.19.13 Hello, My name is Todd Johnson. I’m a family man, sports fiend, health nut, technology buff, long-time stock investor and a very lucky mountain climber – hardly enough to completely distinguish me from many 50 year-old males living in Albuquerque, or anywhere else for that... More
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  • Sycamore Networks, Inc. (SCMR) $10 Special Dividend 0 comments
    Sep 20, 2012 7:36 PM | about stocks: SCMR.OB

    Sycamore Networks, Inc. (SCMR) $10 Special Dividend

    09.20.12

    "As a result of Sycamore's announcement of a cash distribution of $10.00 per share of common stock, the trading price of Sycamore's stock at the open of trading on the ex-dividend date is expected to be lower than the price of the Company's stock on the close of trading on the day prior to the ex-dividend date because the trading price will no longer reflect the value of the cash distribution.

    The amount of the cash distribution will be $10.00 per share of Sycamore's common stock.

    Pursuant to NASDAQ rule 11140(b)(2), the ex-dividend date for the cash distribution will be October 12, 2012, the day after the payment date for the cash distribution. Investors should consult their own financial or legal advisors regarding the specific implications of the ex-dividend date."

    Todd Johnson, Editor

    DividendLab Newsletter

    Stocks: SCMR.OB
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