Barnes & Noble announced a final date for the BN Education spinoff — distributing the new stock on August 2 (to BN shareholders of record as of July 27). BNED stock is expected to begin trading on a “when-issued” basis starting July 23 and will convert to regular trading on August 3. More importantly to investors and those concerned with the financial health of Barnes & Noble Inc., the company announced that it will resume paying quarterly dividends after the spinoff. They will pay at the annual rate of 60 cents a share, with the first quarterly record date of August 7. The bookseller had […]
