avc
Cash Dividend
dpr
Cash Dividend
mgg
Cash Dividend
mhc
Stock Dividend
tdg
Stock Dividend
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Cash Dividend
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Cash Dividend
MHC stock dividend 2023 - Payment 1
CTCP MHC(MHC)CTCP MHC (MHC) announces stock dividend for year 2023, payment 1 with ratio 20:1 (shareholders holding 20 shares will receive 1 additional shares). With approximately 41.41 million outstanding shares, the company is estimated to issue an additional over 2.07 million shares to distribute dividends to shareholders.
Ex-Dividend Date
Record Date
+1 shares/20 shares
- Execution ratio: 20:1.
- Explanation: At the record date, shareholders holding 20 shares will receive 1 new shares.
- Rounding policy: For fractional shares (if any) arising when shareholders exercise their rights, to ensure the number of shares issued does not exceed the planned issuance, the number of shares shareholders receive will be rounded down to the nearest whole number. Fractional shares arising from rounding when distributing to existing shareholders will be cancelled.
- Example: At the record date, shareholder A holds 222 shares MHC. According to the stock dividend ratio of 20:1, the number of shares shareholder A will receive is (222 x 1)/20 = 11,1 new shares. According to the rounding and fractional share rules, shareholder A will receive 11 shares. Fractional shares (0.1 shares) will be cancelled.