logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BJ's Wholesale Club Holdings Inc., which is planning a return to the public market, has set terms for its planned initial public offering or IPO. In a filing with the U.S. Securities and Exchange Commission, the warehouse club operator said Monday that it plans to offer 37.5 million shares priced between $15 and $17 per share. At the top end of the range, the offering would raise $637.5 million. Shares of Valeant Pharmaceuticals International Inc. are falling more than 6 percent in Monday's trading following news that the U.S. Food and Drug Administration has failed to approve the Canada-based company's Duobrii lotion for the treatment of plaque psoriasis. Ortho Dermatologics, a division of Valeant Pharmaceuticals, said it has received a Complete Response Letter or CRL from the FDA. Reigniting concerns about a global trade war, President Donald Trump announced plans to impose new tariffs on billions of dollars worth of Chinese imports on Friday. Trump said in a statement the U.S. will implement a 25 percent tariff on $50 billion of goods from China that contain "industrially significant technologies."
Follow RTT