Zoned Properties, Inc. announced on November 10, 2026, that its Board of Directors has declared a special cash dividend of $0.41 per share on the Company’s common stock. The dividend is payable on November 20, 2026, to stockholders of record as of November 11, 2026. The ex-dividend date for the payment is set for November 23, 2026.
Because the dividend amount exceeds 25% of the price of the Company’s shares, the stock will trade with "due bills" during a specific period. This "Dividend Right Period" runs from the record date of November 11, 2026, through the closing of trading on the OTCQB on November 20, 2026. During this time, sellers of shares are obligated to transfer the dividend right to the buyer.
Stockholders who sell their shares during the Dividend Right Period will not be entitled to receive the dividend. To receive the payment, investors must hold their shares through and including the payment date of November 20, 2026. The Company has stated that it has no obligation regarding the amount of the due bill or the processing of the transaction, and buyers and sellers are advised to consult their brokers regarding these procedures.
In related company information, Zoned Properties noted that it has divested 100% of its cannabis-related operations and assets. The Company expects to pay remaining indebtedness and settle accounts before completing a reverse merger or other transaction involving the public company.
