Stock purchased through the Direct Stock Purchase Plan will be held in a Dividend Reinvestment Account with our Plan Agent. If Zion pays Dividends in the future, any monies paid on stock held in this account will automatically be reinvested in the purchase of more Zion Stock.
The DSPP offers the following reinvestment options. Please read them carefully. Your selection will effect Zion Oil stock held prior to enrollment in the DSPP as well as any future purchases in the DSPP.
Full Dividend Reinvestment. This selection directs the Company to reinvest the dividends on all of the shares of Common Stock registered in your name, as well as shares credited to your DSPP account, in more Zion Oil stock.
Partial Dividend Reinvestment. This selection directs the Company to reinvest a percentage of the dividends paid on all the shares of Common Stock registered in your name. You choose the percentage to reinvest, minimum 10%. The remaining percentage of shares will be paid cash dividends only if held outside of your DSPP account. Dividends on shares inside of your DSPP account will be reinvested fully.
Optional Cash Payments. Here, you are electing to receive cash dividends only. Cash dividends will be paid on all shares held outside of your DSPP account. Dividends on shares held inside of your DSPP account will be reinvested fully.
Please note that to date, Zion has not paid dividends on shares of its common stock and no assurance can be given as to when, if ever, Zion will be able to pay dividends on its common stock.
More questions? See our FAQ section for more answers or contact us directly.
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