A cash dividend is a direct payment from a company to its shareholders, and FR has set one at 50 cents per share. The payment is scheduled to reach eligible holders on October 19, 2026. FR has placed this dividend on a quarterly schedule, meaning the company intends to repeat the distribution every three months.
What the dates actually mean
Three dates govern who qualifies and when the money moves. The ex-dividend date falls on September 30, 2026. That date is the cutoff: a shareholder who buys FR shares on September 30 or later is buying after the right to this particular payment has expired. The right to the 50 cents stays with the seller.
The mechanics of stock settlement explain why this works the way it does. Under standard equity market rules, a trade does not settle instantly. Ownership is officially transferred one business day after the transaction. The ex-dividend date is set to account for that lag, so that only holders who owned the stock before the cutoff appear on the register in time.
The record date is also September 30, 2026. Record date is the company's formal snapshot: whoever FR's transfer agent lists as a shareholder at the close of that day qualifies for the payment. Because of the settlement convention, the ex-dividend and record dates both landing on September 30 is internally consistent.
Payment follows on October 19, 2026, nineteen calendar days after the record date. That processing window gives the company and its transfer agent time to confirm the eligible holder list and distribute the funds.
What was declared versus what is only projected
FR's board has committed to the 50-cent payment, the September 30 dates, and the October 19 pay date. The quarterly schedule reflects the company's stated intention to repeat the cycle. Each future dividend, though, requires a fresh board vote. The corporate action notice does not include an annualized figure, a payout ratio, or earnings guidance.
For investors currently holding FR shares, the practical deadline is the last trading session before September 30. That is the final day a purchase can settle in time to appear on the register and qualify for the October 19 payment.