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Author Topic: LFB dividents at $7.54 currently at 24.63 - am I missing something?
Birkoff
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On 14th LFB posted the following PR. It hasn't seen much upward movement, though.

Here are the financials:
http://moneycentral.msn.com/investor/invsub/results/statemnt.asp?Symbol=LFB

The volume has increased greatly for the last two trading days, though:

06/16/2006 24.000 24.780 24.000 24.630 3,468,800
06/15/2006 25.100 25.250 24.610 24.910 1,212,900
06/14/2006 25.140 25.290 24.770 25.120 420,500
06/13/2006 24.850 25.450 24.800 25.030 278,700
06/12/2006 25.260 25.450 25.010 25.220 363,400
06/09/2006 25.520 25.600 25.190 25.360 342,100

Any thoughts?
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Longview Makes Special Dividend

By TSC and IRIS Staff
6/14/2006 4:32 PM EDT



Longview Fibre (LFB:NYSE - news - research - Cramer's Take) announced Wednesday a special cash-and-stock distribution of $7.54 a share, in connection with its plan to convert to a real estate investment trust.

The special dividend amounts to about $385 million and will be payable Aug. 7 to shareholders of record at the close of business on June 26, which the shareholders can elect to receive either in cash or shares of the paper manufacturer.

The Longview, Wash.-based company also announced that its amended credit facility provides for a new $300 million term-loan facility which would be used to pay off $215 million in 10% senior subordinated notes due 2009, as well as related fees.

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gloomiath
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from passed experience, usually the stock price drops the amount of the dividend when its paid out.

not sure whats to happen here so take it with a grain of salt, just sharing my past experiences.

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Always do your own due diligence. My posts are neither a buy, sell, or hold recommendation; and express only my personal opinion. Please consult your financial advisor before making any investment decisions.

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Birkoff
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What if you do a quick get in on the June 25th and get out on the 27th?

That should be enough to get qualified for dividends, right?

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T e x
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what's the ex-date?

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Birkoff
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Looks like it's July 26th

"The special distribution will be payable on August 7, 2006 to shareholders of record at the close of business on June 26, 2006. ."

quote:
Originally posted by T e x:
what's the ex-date?


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bdgee
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It's the "ex-date" that detrermines who owns the dividend, not the company's announcement of who they want or intend to pay on the "date of record"
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