Binance to distribute dividends for IBM, AAPL, GLW, and LLY through bStocks

BlockBeats news, November 6 - According to an official announcement, Binance will distribute dividends for the corresponding tokenized securities to users holding balances of IBMB, AAPLB, GLWB, and LLYB. These tokens represent IBM, Apple, Corning, and Eli Lilly respectively. After deducting withholding taxes, fees, and other expenses, the net cash dividends will be reinvested as additional units or fractional shares of the same underlying securities, and users will receive dividends in the form of tokens. For users holding the relevant tokens on-chain, dividends will be received through a multiplier adjustment.

The snapshot times (UTC+8) are: 08:00 on November 10 for holding IBMB, 08:00 on November 12 for holding AAPLB, and 08:00 on November 13 for holding GLWB and LLYB. The announcement noted that bStocks represent an interest in the relevant securities held by the issuer and are not direct ownership of the underlying shares.