Binance will reinvest Micron’s cash dividend into additional MUB bStocks units after taxes and fees for eligible users.
Binance announced it will support the distribution of Micron’s (MU) cash dividend to holders of MUB bStocks. The net dividend amount will be reinvested into additional units or fractions of the underlying security after applicable withholding taxes, fees, and deductions.
Eligible users will receive the dividend in the form of MUB bStocks rather than cash. The process ensures automatic reinvestment, aligning with Binance’s bStocks tokenized stock offering structure.
No immediate market reaction was specified in the announcement.