On JEl Paso Electric also announced the guidelines surrounding a possible stub period dividendĮl Paso Electric Co. The amount reflects the regular quarterly dividend rate of $0.48 prorated for the 78 days between the close of business on November 15, 2018, which was the record date for the last regular quarterly dividend paid on December 3, 2018, and February 1, 2019, the effective time of the merger, divided by 91 days. The dividend will be paid no later than February 8, 2019. 1, 2019 /PRNewswire/ - Vectren Corporation (NYSE: VVC) announced that the final amount of the “stub period” dividend previously declared by the Board of Directors and payable to shareholders of record immediately prior to the effective time of the merger is $0.41145 per share of common stock. On February 1, 2019, Vectren Corporation (VVC) announced the final calculation of the stub dividend via a press release issued by Cision PR NewswireĮVANSVILLE, Ind., Feb. Payment specifics of a stub dividend will most likely be found in the merger agreement filed with the SEC.Ī more general definition of “ stub period” in finance in reference to bonds and swaps, can be given as a period of time over which interest accrues which is not equal to the usual interval between bond coupons. It is important traders are aware of dividend payments of this nature as they may prove to have a noticeable effect on profitability. ![]() ![]() Therefore the most frequent payment period is quarterly. Assuming the rate of the dividend is consistent throughout the period, the length of time passed is prorated against the length of a full payment period to arrive at the level of dividend payable.ĭividends in this fashion are often paid on stocks experiencing corporate events. The final date is often the closing date of the acquisition and is included in the calculation. The calculation period for the stub period dividend begins on the first calendar day following the previous ex- dividend date. This incompletion is often due to a corporate event such a merger or acquisition. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.A Stub Period Dividend is a prorated dividend paid when the regular dividend calculation period is incomplete. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein.
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