BRKRP declares quarterly cash dividend of $3.9844 per share
Aug. 2. BRKRP declared a quarterly cash dividend of $3.9844 per share, the company disclosed. Three dates define the distribution: an ex-dividend date of Aug. 14, a record date of Aug. 15, and a payment date of Sept. 1.
Key takeaways
- BRKRP declared a quarterly cash dividend of $3.9844 per share.
- The dividend has an ex-dividend date of Aug. 14, a record date of Aug. 15, and a payment date of Sept. 1.
- Investors who buy BRKRP shares on or after Aug. 14 will not receive the payment.
- Shareholders holding shares bought before Aug. 14 and on the register as of the Aug. 15 record date qualify for the distribution.
- The disclosure gave no guidance on future distribution amounts.
Aug. 2. BRKRP declared a quarterly cash dividend of $3.9844 per share, the company disclosed. Three dates define the distribution: an ex-dividend date of Aug. 14, a record date of Aug. 15, and a payment date of Sept. 1.
Qualification window
The ex-dividend date of Aug. 14 determines eligibility. Investors who buy BRKRP shares on that date or after will not receive the $3.9844 per share payment. Those who hold shares acquired before Aug. 14 and appear on the company's register as of the Aug. 15 record date will collect the distribution.
The one-day spread between the ex-dividend date and the record date is consistent with standard settlement practice: a trade cleared before Aug. 14 settles by the record date, placing the buyer on the books in time to qualify.
Payment date and frequency
BRKRP set Sept. 1 as the payment date, giving qualifying shareholders roughly two weeks from the record date to receive funds. The declared schedule is quarterly, according to the disclosure. No guidance on future distribution amounts appeared in the same release.
The per-share amount is $3.9844.