TCO stock dividend 2023 - Payment 1
CTCP TCO Holdings(TCO)CTCP TCO Holdings (TCO) announces stock dividend for year 2023, payment 1 with ratio 100:12.998 (shareholders holding 100 shares will receive 12.998 additional shares). With over 18.71 million outstanding shares, the company is estimated to issue an additional over 2.43 million shares to distribute dividends to shareholders.
Ex-Dividend Date
Record Date
+12.998 shares/100 shares
- Execution ratio: 100:12.998.
- Explanation: At the record date, shareholders holding 100 shares will receive 12.998 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 TCO. According to the stock dividend ratio of 100:12.998, the number of shares shareholder A will receive is (222 x 12.998)/100 = 28,856 new shares. According to the rounding and fractional share rules, shareholder A will receive 28 shares. Fractional shares (0.85556 shares) will be cancelled.