These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from results expressed or implied in this press release. Cash dividends distributed by a US corporation, should be treated as “qualified dividends” provided that the particular individual shareholder meets certain holding period and other requirements to qualify for the “qualified dividend” tax rate. NortonLifeLock Declares $12 Special Dividend 09/01/2020 NortonLifeLock (NASDAQ: NLOK) (the Company) today announced that its Board of Directors has declared a special, one-time cash dividend of $12 per share of NortonLifeLock Inc. common stock, returning over $8 billion of capital to shareholders. The stock has risen by … A telephonic replay of the conference call will run for ten days and can be accessed by dialing (855) 859-2056 or (404) 537-3406 and entering the conference ID 4557269.This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements regarding future dividends and share repurchases and NortonLifeLock’s cashflow. Second-rate dividend payer and slightly overvalued. Additional information concerning these and other risk factors is contained in the Risk Factors sections of NortonLifeLock’s most recent reports on Form 10-K and Form 10-Q.
The dividend is payable on January 31, 2020 to all shareholders of record as of the close of business on January 23, 2020. The ex-dividend date will be February 3, 2020, the first business day after such payment date. Each shareholder should determine his or her own tax treatment with respect to whether her or she meets the holding period and other shareholder level requirements to qualify for the preferential “qualified dividend” tax rate.
Norton has said it would buy back $1.6 billion of stock in connection with the Broadcom deal, the analyst noted. A company now headquartered in Tempe has declared a special one-time cash dividend totaling $8 billion using the proceeds from the sale of a former division. NortonLifeLock Declares $12 Special Dividend Company to Return Over 100% of the After-Tax Proceeds from Sale of Enterprise Assets Company …
Symantec last paid a special dividend of $4 in March 2016. The dividend is payable on January 31, 2020 to all shareholders of record as of the close of business on January 23, 2020.
This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.125 per share that was last paid on December 18, 2019. Cash dividends distributed by a US corporation, should be treated as “qualified dividends” provided that the particular individual shareholder meets certain holding period and other requirements to qualify for the “qualified dividend” tax rate. The news release with the financial results will be accessible from NortonLifeLock’s Investor Relations website prior to the conference call.
Co. provides cyber security products, services and solutions to organizations and individuals worldwide. So NLOK will declare a special dividend of $12, which is around 43% of the stock price and goes ex-div feb 3rd. Leadership reorganization and … Shareholders of record on January 23, 2020 must hold their shares through the close of January 31 payment date to receive the special dividend. Such risk factors include, but are not limited to, those related to: the effect of the sale of substantially all of the Enterprise Security assets on NortonLifeLock's retained businesses and products; the amount and character of, and time to eliminate, stranded costs from the sale of the Enterprise Security assets; retention of existing executive leadership team members; difficulties in improving sales and product development during leadership transitions; difficulties in executing a new operating model for the consumer cyber safety business; lower than anticipated returns from the Company's investments in direct customer acquisition; difficulties and delays in reducing run rate expenses and monetizing underutilized assets; general business and economic conditions; matters arising out of our completed Audit Committee investigation and the ongoing U.S. Securities and Exchange Commission investigation; fluctuations and volatility in NortonLifeLock's stock price; the ability of NortonLifeLock to successfully execute strategic plans; the ability to maintain customer and partner relationships; the ability of NortonLifeLock to achieve its cost and operating efficiency goals; the anticipated growth of certain market segments; NortonLifeLock's sales and business strategy; fluctuations in tax rates and foreign currency exchange rates; the timing and market acceptance of new product releases and upgrades; and the successful development of new products and the degree to which these products gain market acceptance.
Dividend Reliability A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A telephonic replay of the conference call will run for ten days and can be accessed by dialing (855) 859-2056 or (404) 537-3406 and entering the conference ID 4557269.This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements regarding future dividends and share repurchases and NortonLifeLock's cashflow.
Company to Return Over 100% of the After-Tax Proceeds from Sale of Enterprise Assets. Nortonlifelock (NLOK) special dividend and put option pricing.