Interviews
News Flash
Coldwater Creek reports 50% stock dividend
13 Dec '05
2 min read
Leading women's apparel, accessory shoe & gift retailer Coldwater Creek Inc announced that its Board of Directors has declared a 50 percent stock dividend on its common stock, having the effect of a three-for-two stock split.
The record date for the stock dividend is December 23, 2005. The payment date for the stock dividend will be January 13, 2006, at which time shares will be issued to stockholders by the Company's transfer agent, Mellon Investor Services.
Shares will trade ex-dividends on January 17, 2006, the first trading day after the payment date. Stockholders who sell their shares before the ex-dividend date will also be selling their right to receive the stock dividend with respect to those shares. Cash paid in lieu of fractional shares will be based on the closing price of the Company's common stock on the record date, as adjusted for the stock dividend.
The Company had approximately 61.3 million shares of its common stock outstanding as of December 5, 2005. As a result of the stock dividend, the Company will have approximately 91.8 million shares of common stock outstanding.
Coldwater Creek is an integrated multi-sales channel retailer of women's apparel, jewelry, footwear, gift items and accessories through a growing number of full-line retail stores located across the country.
The record date for the stock dividend is December 23, 2005. The payment date for the stock dividend will be January 13, 2006, at which time shares will be issued to stockholders by the Company's transfer agent, Mellon Investor Services.
Shares will trade ex-dividends on January 17, 2006, the first trading day after the payment date. Stockholders who sell their shares before the ex-dividend date will also be selling their right to receive the stock dividend with respect to those shares. Cash paid in lieu of fractional shares will be based on the closing price of the Company's common stock on the record date, as adjusted for the stock dividend.
The Company had approximately 61.3 million shares of its common stock outstanding as of December 5, 2005. As a result of the stock dividend, the Company will have approximately 91.8 million shares of common stock outstanding.
Coldwater Creek is an integrated multi-sales channel retailer of women's apparel, jewelry, footwear, gift items and accessories through a growing number of full-line retail stores located across the country.
Coldwater Creek Inc
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
