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re: Weekly Stock Market Plays/Thoughts - March/April

Posted on 4/21/17 at 10:41 am to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/21/17 at 10:41 am to
STV just released a filing for a $1.50 dividend per share. Released to stockholders as of May 31st.
Which is a ways away but... It's currently trading at $1.65 per share. Seems like a safe one?

I'm doing more research.

Pls post the penny stock plays egg
Posted by bayoubengals88
LA
Member since Sep 2007
19256 posts
Posted on 4/21/17 at 10:47 am to
quote:

STV just released a filing for a $1.50 dividend per share. Released to stockholders as of May 31st.
Which is a ways away but... It's currently trading at $1.65 per share.
Damn son. Come back when you find out more!
Posted by The Egg
Houston, TX
Member since Dec 2004
79341 posts
Posted on 4/21/17 at 10:57 am to
quote:

Pls post the penny stock plays egg
well, NNSR is pretty much exploding since i posted it on here at .0085 an hr ago

eta: not sure how it sets up going forward, though
This post was edited on 4/21/17 at 11:12 am
Posted by jkcooper92
Louisiana
Member since Jun 2014
182 posts
Posted on 4/22/17 at 9:20 am to
quote:


STV just released a filing for a $1.50 dividend per share. Released to stockholders as of May 31st.


Anymore on this? It's pretty cheap for now.
Posted by bayoubengals88
LA
Member since Sep 2007
19256 posts
Posted on 4/23/17 at 3:31 pm to
quote:

STV just released a filing for a $1.50 dividend per share.


quote:

China Digital declared a special cash dividend of $1.50 per ordinary share. Each of the company's ADS represents one ordinary share. Shareholders of record as of the close of business on May 31 will be eligible to receive the dividend. The company will announce the payment date as soon as the completion of currency conversion. The aggregate amount of cash dividends to be paid is approximately $90.4M based on the number of outstanding shares as of December 31, 2016. The payment of the special cash dividend is expected to reduce both the company's market capitalization and shareholder's equity. These will significantly increase the risk of rendering it ineligible for being listing on the NYSE.

What's the rationale here?
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