Will you pay dividends this year?
On January 29, 2015 the company announced that we will pay a regular, quarterly dividend of $0.15 per quarter in 2015.
How much will the dividends be?
It was announced on January 29 that a $0.15 dividend will be paid on March 12, June 12, September 11, and December 11 to shareholders of record on March 5, June 5, September 4, and December 4, respectively.
What is the last date to purchase stock and still receive a dividend?
To receive a dividend you must be a stockholder of record and have purchased your shares of PDLI common stock before the ex-dividend date . You should consult your broker to determine this date.
What is the ex-dividend date?
The ex-dividend date is set by NASDAQ and is usually two business days before the record date. We recommend that you check with your broker to make sure you have purchased your shares BEFORE the ex-dividend date to be a stockholder of record on the record date. The ex-dividend date is the first date that a buy of a stock is not entitled to receive the next dividend payment.
Will I receive my dividend if I sell my stock after the ex-dividend date (but before the dividend payout)?
This is a question best directed to your broker.
What is the dividend yield?
The yield varies by share price. You should consult your broker for this information.
Why does your stock price drop on the ex-dividend date?
On the ex-dividend date, the stock generally trades downward because people purchasing the stock on the ex-dividend date will not receive the upcoming dividend payment. The downward move may be offset by other market related movements in the stock.
Are dividend payments qualified dividends?
Qualified dividends, as defined by the United States Internal Revenue Code, are ordinary dividends that meet specific criteria to be taxed at the lower long-term capital gains tax rate rather than at higher tax rate for an individual’s ordinary income.
Will my dividend payment meet those criteria?
You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date for the dividend payment to categorized as a qualified dividend. When counting the number of days you held the stock, include the day you disposed of the stock, but not the day you acquired it.
Are dividend payments ever considered return of capital?
In 2008 and 2009, a portion of the dividends paid by the Company were categorized as return of capital rather than dividend income. This has not occurred since and is not likely to occur in the foreseeable future. However, you should consult your tax advisor or broker as to how the dividends will be treated in your particular case. We cannot provide tax advice.
Does PDL offer a direct stock purchase plan or DRIP?
A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly by a company in which an investor’s dividends are directly reinvested in the company’s stock. PDL does not offer a DRIP.
Why don’t I receive the dividend on the date that the dividend is paid by the Company?
On the date that the dividend is to be paid by the Company, the Company transfers the aggregate amount of the dividend payment to its transfer agent, The Bank of New York Mellon Trust Company, N.A., who then transfers the payment to the Depository Trust Corporation or DTC. Next, the DTC allocates and deposits the aggregate dividend payment among the various brokerage firms for payment to your individual account. This process generally takes 2 or 3 days.