Luby's, Inc. to Issue an Initial $2.00 Per Share Cash Liquidating Distribution
HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Luby's, Inc. (NYSE:LUB) ("Luby's"), which is in the process of monetizing its assets for the benefit of its shareholders, announced today that the Company's Board of Directors has declared a cash liquidating distribution of $2.00 per share to be paid on November 1, 2021 to shareholders of record as of October 25, 2021. The liquidating distribution is being paid from the net proceeds from recent property sales.
Investors should note that the ex-dividend date is set by the New York Stock Exchange ("NYSE"). Under the rules of the NYSE, when a distribution is declared in a per share amount that exceeds 25% of a company's stock price, the date on which tha
