#bStocksCIS @BinanceCIS
If you hold a dividend-paying bStock, the record date is not the day cash appears.
The current $AMATB and $MSFTB distribution makes the process unusually clear.
The underlying dividends are $0.53 per Applied Materials share and $0.91 per Microsoft share. Both have an August 20 record date and a September 10 payable date.
For bStock holders, there are several separate steps:
1. August 19 at 23:30 UTC: deposits, withdrawals and 1:1 conversions for these two bStocks are suspended.
2. August 20 at 00:00 UTC: Binance takes the eligibility snapshot.
3. Spot trading remains available during the operational suspension.
4. After withholding taxes, fees, costs and deductions, the net dividend is reinvested into additional units or fractions of the same bStock. On-chain holders receive the adjustment through the token multiplier.
So this is not a cash dividend landing directly in the Spot balance. It is an increase in token units after reinvestment.
Conceptually:
additional units = net dividend value / reinvestment price
The exact result depends on deductions and the execution price. It also means the snapshot, the underlying payable date and the final bStock distribution are different moments.
That is the detail I would verify before moving tokens close to the cut-off.
Would you rather receive dividends as cash, or have them automatically converted into additional fractional exposure?
If you hold a dividend-paying bStock, the record date is not the day cash appears.
The current $AMATB and $MSFTB distribution makes the process unusually clear.
The underlying dividends are $0.53 per Applied Materials share and $0.91 per Microsoft share. Both have an August 20 record date and a September 10 payable date.
For bStock holders, there are several separate steps:
1. August 19 at 23:30 UTC: deposits, withdrawals and 1:1 conversions for these two bStocks are suspended.
2. August 20 at 00:00 UTC: Binance takes the eligibility snapshot.
3. Spot trading remains available during the operational suspension.
4. After withholding taxes, fees, costs and deductions, the net dividend is reinvested into additional units or fractions of the same bStock. On-chain holders receive the adjustment through the token multiplier.
So this is not a cash dividend landing directly in the Spot balance. It is an increase in token units after reinvestment.
Conceptually:
additional units = net dividend value / reinvestment price
The exact result depends on deductions and the execution price. It also means the snapshot, the underlying payable date and the final bStock distribution are different moments.
That is the detail I would verify before moving tokens close to the cut-off.
Would you rather receive dividends as cash, or have them automatically converted into additional fractional exposure?
