RBS was to send a share dividend, but I got a cash dividend instead. Is this due to SEC restrictions?

Question

Not that I'm complaining :-) but it was just an unexpected surprise. The NYSE share price fell precipitously when RBS announced the share dividend, but I (and I assume other American shareholders) received a substantial cash dividend. Is this due to SEC restrictions on the way the rights issue was handled, since American investors weren't eligible to buy new shares?

Answer 1

I also got the cash dividend. Its because they give cash divs as 1st div and stocks for the next in a year I guess ( i read from some blogs). There is nothing like American investors can't buy RBS..They certainly can buy..Hope this helps..

Answer 2

RBS has suspended their DRIP.  Final 2007 and interim 2008 dividends are being paid in cash.

The following link will provide further info.  

http://www.investors.rbs.com/investor_re...

Answer 3

the price didn't 'fall', it was adjusted to reflect the dividend payout.