Surprise boost for shareholders of investment firm TVC Holdings
Shareholders in investment holding company TVC Holdings got a surprise 14 per cent boost in the value of their stakes last week when the stock went ex-dividend ahead of a payout.
Shareholders in investment holding company TVC Holdings got a surprise 14 per cent boost in the value of their stakes last week when the stock went ex-dividend ahead of a special payout.
TVC is scheduled to pay a dividend of 50c a share on September 25 to anyone who held shares up to last Wednesday, meaning the price should have fallen by that amount on the day.
But the stock, which had been trading at 99c, fell...
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