Dell's $0.63 Dividend Underpins Binance's Planned DELLB Distribution

Binance's planned DELLB distribution is tied to Dell Technologies' declared $0.63 quarterly dividend per common share, with eligible holders set to receive additional tokens rather than a $0.63 cash payment. The $0.63 figure applies to each Dell common share, not to each DELLB holder. Under Binance's previously announced reinvestment plan , applicable withholding taxes, fees and other costs will be deducted before the remaining dividend value is used to acquire whole or fractional DELLB units. Eligibility was based on DELLB holdings at 8 p.m. ET on Oct. 19 (00:00 UTC on Oct. 20).

Source: TokenPost