Dividends
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Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
Pro-Fac Cooperative (PFACP) Approves $0.20 Per Share Dividend
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- Pro-Fac Cooperative (PFACP) Approves $0.20 Per Share Dividend
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Pro-Fac Cooperative, Inc. (Nasdaq: PFACP) announced a $0.20 per share dividend, payable July 31, 2009, to shareholders of record of its Class A cumulative preferred stock at the close of business on July 15, 2009.
Pro-Fac announced on April 3, 2009 its intention to reduce the quarterly dividend, if declared, from the full quarterly dividend of $0.43 per share. Since the dividend is cumulative, the $0.23 per share which is not paid cumulates and must be paid in the future before the payment of dividends on any other Pro-Fac equity and before the redemption of any Pro-Fac equity. The lower $0.20 rate is expected to continue indefinitely and will preserve approximately $1.2 million in cash for Pro-Fac on an annual basis.
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