Financial Services Company Distributes $42.4 Million to Shareholders

  • Associated Capital Board Issues Special Cash Dividend of $2 a Share
  • Payment to be made on Nov. 4
  • Class A and Class B shareholders eligible
  • Aggregate payment of about $42.4 million

Associated Capital, a financial services company, has announced that its board of directors has issued a special cash dividend of $2 per share. This dividend will be payable on November 4th to both Class A and Class B shareholders who are recorded as of the close of business on October 21st. The total payment amounting to approximately $42.4 million is based on the current outstanding shares of 21.2 million.

Factuality Level: 10
Factuality Justification: The article provides accurate and concise information about a financial event involving Associated Capital’s board of directors issuing a special cash dividend. It includes relevant details such as the amount of the dividend, payment date, eligibility criteria for shareholders, and the total payment amount based on outstanding shares. There is no evidence of sensationalism, redundancy, personal perspective, or logical errors.
Noise Level: 3
Noise Justification: The article provides basic information about a company’s decision to issue a special cash dividend without any analysis or context. It lacks exploration of the consequences for shareholders, the company’s financial health, or comparison with industry trends.
Public Companies: Associated Capital ()
Key People:

Financial Relevance: Yes
Financial Markets Impacted: Associated Capital’s shareholders
Financial Rating Justification: The article discusses a special cash dividend issued by Associated Capital, which is a financial services company, and it affects its shareholders. This is relevant to the financial sector as it directly impacts the company’s shareholders and their investments.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text and it’s not related to any of the given categories.
Deal Size: Output: 42400000
Move Size: No market move size mentioned.
Sector: Financial Services
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com