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lenny63 lenny63
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Posts: 34
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11 years ago
I recently bought the stock VYEY,and a day after purchasing the company said they would be giving out a dividend on July 1.I've never had a dividend,and don't know how to profit from it.VYEY says that they will give one share for every four I own.Also the dividend falls under Rule 144?Please explain if you can help.
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wrote...
#1
11 years ago
Dividends are normally cash, unless you're in a dividend reinvestment plan.
wrote...
#2
11 years ago
You're receiving a stock dividend, not cash

But since this is being covered by Rule 144 it appears you may be an owner of at least 5% of the company, or you''re considered an insider.

It also appears your stock that you hold now has a restriction on it and you're prohibited to sell it for a period of time.
If you do currently own restricted stock, check with the company as to when your restriction will be lifted.
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