logo
Share SHARE
FONT-SIZE Plus   Neg

PacWest Equities Reports Effectiveness Of Forward Split/Dividend Of Stock

PacWest Equities Inc. (PWEI.PK) provided further details pertaining to the recently announced 3-for-1 dividend (a/k/a forward split) to shareholders of its common stock.

The Financial Industry Regulatory Authority, Inc. or "FINRA" has approved this action effective the opening of trading November 5, 2012. The stock will trade under the temporary symbol "PWEID" for a period of 20 business days after which it will revert to the symbol "PWEI".

Although the Company previously set the record date for the dividend as at October 18, 2012, the payment date as declared by FINRA has been for the close of business today, November 2, 2012, PacWest Equities said.

All shareholders owning shares at the close of business today, November 2, 2012, will be eligible to receive the dividend.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Microsoft is reportedly working on streaming PC games to Xbox One consoles as the software giant strives to generate demand for both. French oil and gas giant Total SA (TTA.L, TTFNF.PK, TOT) reported Wednesday a profit for the second quarter that declined four percent from last year, reflecting a sales decline amid sharply lower oil prices. However, hydrocarbon production grew 12 percent from last year. The company's results were... Procter & Gamble Co., (PG) Tuesday announced the promotion of David Taylor to the role of Chief Executive Officer, as the consumer goods giant replaces Chief Executive A.G. Lafley for the second time. David Taylor, a 35-year-veteran and currently Group President of Global Beauty, Grooming and Health...
comments powered by Disqus
Follow RTT