SCC ex-dividend on 6/29 ($9.04)
Security Capital Corporation will pay a Special dividend of $9.04 on June 28 to holders as of Thursday, June 29. Trade very cautiously on this one. A very illiquid stock with a big ramp up over the last few days. The company is being acquired for $16.46 Per Share post-dividend. Approximately 55% of the special cash dividend will be taxable as earning dividend, with the reminder as return of capital dividend.

June 6th, 2006 at 5:31 pm
How do you determine the ex-div dates? I’ve seen that the last date to buy (day before ex-div) is usually 3 days before the date for record… Sometimes, however, I see the ex-div out three days, leaving you the 4th day before the record as your last day to buy.
Can you please shed some light?
June 7th, 2006 at 9:34 am
2 days before the record date “as the close of…”. Sometimes PR state record date “at the opening on…”, in which case you need to substract 3 days.
June 7th, 2006 at 6:18 pm
Thanks for your input, Tom. =)
June 7th, 2006 at 6:47 pm
However, SCC does not fall in this case, since this is an extraordinary dividend (>25%). As stated in the original post, 6/29 is the correct ex-div date.