Binance to Reinvest Net Dell bStocks Dividends in Additional Tokens

Binance will automatically reinvest eligible DELLB holders’ net cash dividends for Dell Technologies (DELL) in additional units tied to the same underlying security, with on-chain distributions handled through a multiplier adjustment mechanism. Withholding taxes, fees and other charges will be deducted before reinvestment. Binance will use the remaining dividend amount to acquire additional token units. On-chain holders will receive the corresponding bStocks dividend through an adjustment to the multiplier. The eligibility snapshot is scheduled for Oct. 19 at 8 p.m. ET (Oct. 20 at 00:00 UTC). John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost