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

Quick Facts

Editors Pick
In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,...
comments powered by Disqus
Follow RTT