Binance will reinvest cash dividends for Applied Materials and Microsoft shareholders into fractional shares of AMATB and MSFTB tokens.
Binance will distribute cash dividends for Applied Materials (AMAT) and Microsoft (MSFT) to holders of its bStocks tokens, AMATB and MSFTB. The net dividend amount, after withholding taxes and fees, will be automatically reinvested into additional units or fractions of the same underlying security tokens.
Eligible users will receive the dividends in the form of AMATB and MSFTB tokens rather than cash. The process applies to shareholders holding the tokens on Binance’s platform at the time of distribution.
No immediate market reaction was specified for the dividend reinvestment announcement.