Deez_@$$ets
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I'm in possession of some Siemens stock (SIEGY). In November, I received a much larger dividend payout on these shares than normal. It was $6.12 per share which is several times larger than it normally would be. Everywhere you look, the dividend yield is for SIEGY is listed at something like 2 %. I can't find any answers for why that happened from online searching. The closest I've gotten so far is here:
www.dividendinvestor.com
It lists the Nov., 2020 payout as a Type E dividend, whereas all the others are Type 0. And the description says: "Proceeds from the Sale of Rights." When I try to search "Type E dividend" or that description, I still can't find anything very useful about the meaning of this.
Can anyone explain what the heck this sale of rights is all about? Did I unwittingly sell my soul? lol
![www.dividendinvestor.com](/proxy.php?image=https%3A%2F%2Fwww.dividendinvestor.com%2Fwp-content%2Fuploads%2Fdividend-investor-facebook.png&hash=def7e45bd0662c823d19c03ea262510c&return_error=1)
ADR (Sponsored)/Siemens AG (Germany) (OTCBB:SIEGY) Dividend History
ADR (Sponsored)/Siemens AG (Germany) (OTCBB:SIEGY) dividend history. Dividend declaration dates, ex-dividend dates, dates of record, dividend payment dates, dividend types, dividend amounts
![www.dividendinvestor.com](/proxy.php?image=https%3A%2F%2Fwww.dividendinvestor.com%2Fwp-content%2Fuploads%2Fcropped-dividend-investor2-32x32.png&hash=39c5eaa219dffd8f1fbe59c6c31c662e&return_error=1)
It lists the Nov., 2020 payout as a Type E dividend, whereas all the others are Type 0. And the description says: "Proceeds from the Sale of Rights." When I try to search "Type E dividend" or that description, I still can't find anything very useful about the meaning of this.
Can anyone explain what the heck this sale of rights is all about? Did I unwittingly sell my soul? lol