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One thing, though: 25 Feb: A dividend is declared 11 Mar: The...

  1. madamswer
    16,723 Posts.
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    29/05/20
    10:58
    Post #: 44913760
    One thing, though:

    25 Feb: A dividend is declared
    11 Mar: The stock trades ex- the entitlement to that dividend
    20 Mar: They defer the payment date of dividend (citing C-19 related uncertainties, so fair enough)
    29 May: They cancel the dividend entirely

    How does that work?

    In all my years of investing, I'm not encountered such a development.

    Can anyone shed light on the protocols/rules around this?

    .
    KME Price at posting: $1.03 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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