Overstock Announces Dividend of One Digital Share for Every 10 Common Shares

US retail giant Overstock announced that it will distribute a dividend of one digit of the A-1 series for every 10 common shares. Existing A-1 Series stocks can be traded on PRO Securities ATS (an alternative trading system registered with the US Securities and Exchange Commission), which is powered by Overstock's encryption subsidiary, tZERO. The date of the dividend will be recorded on September 23, 2019, and the date of distribution of the dividend will be set on November 15, 2019. Overstock CEO Patrick Byrne said the company has successfully achieved the goal of creating a "parallel world" based on a legitimate blockchain capital market.