Inteliquent's common stock is traded on the NASDAQ exchange under the ticker symbol IQNT. The company's shares will start trading under its new name and stock ticker symbol, "IQNT", effective as of market open, February 7, 2012.
Inteliquent does not pay a recurring dividend. However, on October 5, 2012, Inteliquent announced that it will pay a special one-time cash dividend of $3.00 per share. The payment date for the special one-time cash dividend is October 30, 2012. At $3.00 per share, the dividend represents approximately 33% of the Company’s closing stock price on October 3, 2012. Pursuant to NASDAQ rules, when a dividend is declared in a per share amount that exceeds 25% of a company’s stock price, the date on which that company’s shares will begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The Company understands from NASDAQ that, because the dividend is expected to exceed 25% of the Company’s share price, NASDAQ will apply this rule, and the Company expects, in accordance with this rule, that the ex-dividend date as set by NASDAQ will be October 31, 2012, the first business day following the payable date for the dividend. Shareholders of record on the record date who sell their shares prior to the ex-dividend date will not receive the special cash dividend. The record date for the special one-time cash dividend is the close of business on October 16, 2012