Eligible holders of GLWB and GSB tokens will receive reinvested cash dividends after taxes and fees on Binance.
Binance will distribute cash dividends for Corning Incorporated (GLW) and Goldman Sachs Group (GS) to holders of GLWB and GSB bStocks tokens. The net dividend amount will be automatically reinvested into additional units of the same underlying securities after withholding taxes and fees are deducted.
The distribution applies to users holding the respective bStocks tokens on the Binance platform. No prior dividend amounts or consensus estimates for this distribution were provided in the announcement.
The exchange did not specify an immediate market reaction or trading impact following the announcement.