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The preferred stock dividends will also be paid on the same date as the common stock dividends.
The company has increased its stock dividend to USD0.16 per share from USD0.14 per share.
On August 30, 2016, the PSE announced that, due to Manila Bulletin's pending full compliance with the listing requirements, the shares subject of the 3 percent stock dividend declaration were not be listed on August 31, 2016, the scheduled payment date.
The company has declared a quarterly common stock dividend of USD0.3775 per share.
In addition, holders of record of the company's 6.625% Series F Cumulative Redeemable Preferred Stock as of 15 June 2012 will be also paid a preferred stock dividend of USD0.39566 per share on 29 Jun 2012.
Both, the cash and stock dividends will be paid on 24 August, the firm added.
The Board also declared a daily non-compounding stock dividend for stockholders of record from Aug.
MIIF has declared a final stock dividend of Rs 1.25 per unit.
The benefit of a stock dividend is that it does not involve an immediate tax payment for the shareholder.
The number of common shares outstanding is adjusted retroactively for stock dividends, stock splits and reverse stock splits.
If a corporation with a buy-back plan declares a stock dividend, a shareholder's redemption right under the plan might be viewed as an election by the shareholder to receive a stock split distribution in either stock or property under Sec.