sdcougar

Terra Nitrogen Vs. Terra Industries

Someplace I read that that the share division of the dividend was that the stockholder would get the first __dollar amount (?I dont have the figure) and that above that amount parent company, Terra, would get 50 percent of the remaining dividend.

Is this correct? If so then the shareholder recieves more than 50 percent of the dividend because they get the first x dollar amount.