Under the Plan, the Corporation will automatically reinvest for participating shareholders the cash dividends of KPT in newly issued Common Shares at a price per Common Share equal to the 5-day weighted average trading price of the Common Shares prior to the
dividend payment date. The Plan was recently amended to increase the price per Common Share issued pursuant to the Plan from 97% of the 5- day weighted average trading price of the Common Shares prior to the
dividend payment date to 100% of the 5-day weighted average trading price of the Common Shares prior to the
dividend payment date.
The company announced the
dividend payment date as 15 July 2019, record date as 30 June 2019 and the ex-dividend date as 27 June 2019.
According to the board's resolution, the record date for the share dividend will be 10 June 2019, the share
dividend payment date will be 11 June 2019 and the payment date for the fractional entitlements to be paid in cash will be 17 June 2019.
Initially, the company will issue the shares under the Plan directly at no discount to the volume weighted average closing trading price per share of the company's common stock for the five trading days preceding the
dividend payment date with respect to the common stock and without incurring brokerage fees or commissions.
The qualification date for dividend is March 8, 2019, while Annual General Meeting and
dividend payment date is March 19.
The record date for this quarterly dividend will be November 26, 2018 with a
dividend payment date of December 4, 2018.
Because the redemption date is also the
dividend payment date, the redemption price does not include declared and unpaid dividends.
For series A, GT Capital has the option to redeem in whole but not a part of the shares on the fifth anniversary of the issue date or any
dividend payment date thereafter.
M2 PHARMA-May 25, 2016-BD's board sets
dividend payment date as 30 June 2016
The
dividend Payment Date remains February 25, 2019.
Since the redemption date is also the
dividend payment date, the redemption price of $25.00 per share of Series C Preferred Stock does not include declared and unpaid dividends.