CLAYTON, Mo. - FutureFuel Corp. (NYSE: FF), a manufacturer of diversified chemical products and biofuels, has announced the ex-dividend date for its upcoming $2.50 per share special cash dividend. The New York Stock Exchange (NYSE) has determined that the ex-dividend date will be April 10, 2024, following the NYSE's rules for special dividends of this size.
The special dividend, which is substantial relative to FutureFuel's stock price, necessitates an ex-dividend date that is one business day after the payment date. The payment date for the dividend is scheduled for April 9, 2024.
Consequently, trades of FutureFuel's common stock during the due bill period, which spans from March 25, 2024, until the payment date, will include a due bill for the dividend. This due bill ensures that buyers receive the dividend and sellers do not, provided the stock is held through the payment date.
Investors interested in receiving the special dividend are advised to hold their shares through April 9, 2024. The due bill obligations are typically settled between the brokers handling the transactions. FutureFuel has clarified that it bears no responsibility for the amount of the due bill or its processing.
FutureFuel's business includes the manufacture of specialty chemicals for specific customers, as well as performance chemicals for broader applications. The company also produces and sells biodiesel through its biofuels segment.
While this dividend announcement could be of interest to investors, FutureFuel has made it clear that the company's forward-looking statements are subject to risks and uncertainties, and actual results could vary materially.
This announcement is based on a press release statement issued by FutureFuel Corp. Investors are encouraged to consult with their broker regarding the NYSE's due bill procedures before trading the company's stock.
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