Entering text into the input field will update the search result below

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

Sep. 20, 2012 7:36 PM ETSCMR
Todd Johnson profile picture
Todd Johnson's Blog
4.74K Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You