Did you know about this one? NASDAQ Small cap. Look at the shares outstanding.
Tuesday March 17, 5:59 pm Eastern Time
Company Press Release
Century Bancorp Inc. Declares a One-Time Cash Dividend
THOMASVILLE, N.C.--(BUSINESS WIRE)--March 17, 1998--Century Bancorp Inc. (Nasdaq Small-Cap:CENB), the parent holding company for Home
Savings Inc. SSB, Tuesday announced that its board of directors declared a one-time cash dividend of $30 per share on the 423,623 issued and outstanding shares of the company's common stock to be paid on April 6, 1998, to shareholders of record on March 27, 1998.
The company anticipates that the dividend will be considered a return of capital thereby reducing the shareholder's basis in each share of Century Bancorp stock and thus would not be taxable as a regular dividend.
In addition, on March 17, 1998, the board declared a share dividend of three shares per share on the 423,623 issued and outstanding shares of the company's common stock. The share dividend also is to be paid on April 6, 1998, to shareholders of record on March 27, 1998.
Due to the magnitude of the dividend declared Tuesday in relation to Century Bancorp's share price, Nasdaq has determined that the company's shares of common stock will trade ex-dividend on April 7, 1998. Shareholders are advised that if they sell their shares before the ex-dividend date, they will transfer the right to receive
the special dividend and the share dividend to the buyer(s) of those share |
