Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How was the Oct. 1, 2008 stock dividend rate determined?

April 26, 2017dividend oct. 1 rate stock

0

Posted

How was the Oct. 1, 2008 stock dividend rate determined?

1 Answer

0

Posted

The company calculated the rate so it would be equal to a value of $.20 cents per each share you own on the record date. The company used the volume weighted average stock price on July 11, 2008, which was $6.5328 per share.