(Reuters) - NEW YORK, June 4 - Brokerage Siebert Financial
Corp. raised its dividend by 50 percent as its founder
and chairwoman Muriel Siebert waived her right to receive most
of the payout she would have been entitled to based on her
stake.
The move means that Siebert will get $280,000 instead of
the $2.4 million she could have received based on her stake in
the company. The remaining amount of about $2.1 million will be
retained by Siebert as capital for use in its business, the
company said.
Read more at Reuters.com Mergers News
Corp. raised its dividend by 50 percent as its founder
and chairwoman Muriel Siebert waived her right to receive most
of the payout she would have been entitled to based on her
stake.
The move means that Siebert will get $280,000 instead of
the $2.4 million she could have received based on her stake in
the company. The remaining amount of about $2.1 million will be
retained by Siebert as capital for use in its business, the
company said.
Read more at Reuters.com Mergers News
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