Received (one-time) extra-large dividend, listed as Type E. What the heck is that?

I'm in possession of some Siemens stock (SIEGY). In November, I received a much larger dividend payout on these shares than normal. It was $6.12 per share which is several times larger than it normally would be. Everywhere you look, the dividend yield is for SIEGY is listed at something like 2 %. I can't find any answers for why that happened from online searching. The closest I've gotten so far is here:

It lists the Nov., 2020 payout as a Type E dividend, whereas all the others are Type 0. And the description says: "Proceeds from the Sale of Rights." When I try to search "Type E dividend" or that description, I still can't find anything very useful about the meaning of this.

Can anyone explain what the heck this sale of rights is all about? Did I unwittingly sell my soul? lol
 

Rufus_Leakey

Active member
214 91
It looks like it was just a special cash dividend declared because -- you're special.:)
1611525513377.png

Since the company declared one of these in the past 23 years, it probably won't happen too often.
 
 
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