Special Cash Distribution on 03/17/2009???

[kevinwltan]

$1.25 Special Cash Distribution
Just wonder if I am right. It looks like the Dividend is paid on any holding on 3/17/2009, which is 2 days after Ex-Date. Weird.

Looked like the stock price has gone down a day after the Ex-Date, which is factored in the Dividend Pay Out news. If I am right, tomorrow should be a good day to buy and earn immediate income.

Read from the announcement on Yahoo.

http://phx.corporate-ir.net/phoenix....irol-dividends

http://phx.corporate-ir.net/phoenix....291&highlight=

Quote:

In addition, the Company’s Board of Directors declared a regular quarterly cash distribution of $0.25 per share and special cash distribution of $1.00 per share. The cash distributions will be paid on March 31, 2009 to stockholders of record on March 17, 2009. The Company expects the entire amount of the cash distributions to be paid as a return of capital.

[Stocktrading101]

Dividends are tricky, what did you end up doing?

[Jenn Vivyan]

$0.68 cash will be returned to each ordinary share. Any one knows of the payable date since the EGM on 10 October, 2009?

[Stocktrading101]

Not sure, I would check companies website or a site like yahoo finance.