About Urstadt Biddle Properties (UBA) Urstadt Biddle Properties Inc. is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut.
Sizmek Inc (NASDAQ:SZMK) released its earnings results on Wednesday, August, 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.10. The firm earned $48.90 million during the quarter, compared to analysts' expectations of $40.20 million.
An example Let's say you short 100 shares of XYZ Company on Feb. 1 at $10 a share. On Feb. 15, your broker notifies you that your account will be reduced by $50 for the dividend paid by XYZ Company to its shareholders.On March 10, you close your short position by buying 100 shares of XYZ at $8 a share.Since the short position was not open for at least 46 days, you cannot use the $50 in-lieu-of-dividend payment as a current expense. Rather, this $50 is added to the price of the stock that you purchased to close the position.In the example above, your net gain on your short position would be $150 ($1,000-($800+$50)=$150). Let's use the same example, but change the dates.ince you are likely borrowing the shares that you initially sold to create your short position, you are required to reimburse the lender of the stock for the dividends that he missed. Your broker probably notified you of that fact, and reduced your cash position in your account by the amount of the dividend.