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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.

4 Responses to “SCC ex-dividend on 6/29 ($9.04)”

  1. Phil Says:

    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?

  2. Tom Says:

    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.

  3. Phil Says:

    Thanks for your input, Tom. =)

  4. Sam Says:

    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.

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