Zoned Properties Declares $0.41 Special Dividend, Sets Due Bills

Zoned Properties, Inc. announced on 10 November 2026 that its board of directors declared a special cash dividend of $0.41 per share on the company's common stock. The dividend is payable on 20 November 2026 to common stockholders of record as of 11 November 2026, and the ex-dividend date will be 23 November 2026. Because the payment exceeds 25% of the price of the company's common shares, the stock trades with due bills from the 11 November record date through the close of trading on 20 November 2026, a span the company calls the Dividend Right Period. Zoned Properties trades on the OTCQB under the symbol ZDPY.

Context — Why the Due Bill Mechanics Matter for ZDPY Holders

The company said the size of the distribution relative to its share price triggered the due bill process. That threshold matters because it changes who is entitled to the cash when shares change hands during the Dividend Right Period. According to the company, a stockholder who sells shares during that window sells the right to the dividend along with the shares.

As a result, the company said an investor who wants to receive the dividend must hold the shares through and including the payment date of 20 November 2026. The record date of 11 November 2026 is used to establish due bill tracking of the Dividend Right to the holder of the shares.

The company said due bill obligations are customarily settled between the brokers representing buyers and sellers. Zoned Properties stated it has no obligation for either the amount of the due bill or its processing. Buyers and sellers should consult their brokers before trading to understand how due bill procedures affect them, the company said.

Zoned Properties has divested 100% of its cannabis-related operations and assets. The company said it expects to pay any remaining indebtedness and settle its remaining accounts and agreements, and subsequently complete a reverse merger or other transaction involving the public company. The company said it cannot assure that it will complete a reverse merger or any other transaction.

That corporate backdrop is the reason the distribution is worth reading closely. A special dividend paid by a shell-stage public company is not the same signal as a recurring payout from an operating business. The company did not disclose the aggregate dollar amount of the dividend, the number of shares outstanding, or the total cash outlay. It also did not state a rationale for the $0.41 figure beyond the declaration itself.

The report gives no prior-period dividend for comparison and no year-ago distribution. Readers looking for a payout trend will not find one in the company's announcement.

Data — The Numbers Behind the Zoned Properties Dividend

The core figures come directly from the company's declaration. The special cash dividend is $0.41 per share. The record date is 11 November 2026. The payment date is 20 November 2026. The ex-dividend date is 23 November 2026. The Dividend Right Period runs from the record date through the close of trading on the payment date.

Before/after on entitlement: an investor holding ZDPY at the close on 11 November 2026 is tracked for the Dividend Right. An investor who sells during the Dividend Right Period transfers that right to the buyer and does not receive the dividend.

The 25% threshold is the other number that matters. The company said the dividend represents more than 25% of the price of its common stock, which is what forces the due bill treatment. The company did not state the exact share price used in that calculation, and it did not disclose the precise ratio of dividend to price beyond confirming it exceeds 25%.

No peer or sector comparison is available from the report. Zoned Properties is a single OTCQB-listed issuer with no cannabis operations remaining, and the company gave no comparable dividend from another issuer.

Analysis — What the Due Bill Structure Signals for OTC Investors

The practical effect lands on anyone trading ZDPY between 11 November and 20 November 2026. Buyers in that window acquire the Dividend Right; sellers give it up. That inverts the normal expectation that buying before the ex-date captures a payout, and it is the single most likely source of confusion for retail holders.

The limitation is that the report does not quantify the aggregate cash leaving the company. Without the share count, the total distribution cannot be sized from the announcement alone, so the balance-sheet impact of the payment is not measurable from the disclosure. The company also did not say how the dividend interacts with its stated plan to pay remaining indebtedness and settle remaining accounts.

On positioning, the structure creates a mechanical incentive to hold through 20 November rather than sell into the record date, because selling early forfeits the cash. That is a statement about the entitlement mechanics the company described, not a view on the shares. The company did not disclose any shareholder, insider, or institutional position in connection with the dividend.

The reverse merger language is the forward-looking element, and it remains an expectation rather than a completed event. The company said it cannot assure completion of a reverse merger or any other transaction. Investors weighing the dividend should treat the merger plan as unconfirmed, exactly as the company framed it.

Outlook — What to Watch After the Zoned Properties Payout

Three dates structure the near-term calendar, all from the company's announcement. The record date of 11 November 2026 establishes who is tracked for the Dividend Right. The payment date of 20 November 2026 is the last day of the Dividend Right Period and the last day to hold for entitlement. The ex-dividend date of 23 November 2026 follows the payment date.

Beyond those dates, the company's stated next steps are paying remaining indebtedness and settling remaining accounts and agreements, followed by a reverse merger or other transaction. The company gave no timeline for those steps and no terms for any transaction.

There are no price levels, moving averages, or yield thresholds in the report, and none are supplied here. The company also did not disclose the total dividend outlay, so there is no cash figure to track. What to watch is whether the company follows the dividend with disclosure on its remaining obligations and on any merger process, since those are the items it named as pending.

Frequently Asked Questions

What does a due bill mean for Zoned Properties shareholders?

A due bill assigns the right to the dividend from the seller of shares to the buyer during the Dividend Right Period. Zoned Properties said its stock trades with due bills from the 11 November 2026 record date through the close of trading on 20 November 2026. If you sell during that window, you sell the dividend right with the shares and will not receive the $0.41 payment. Due bill obligations are settled between the brokers representing buyers and sellers.

When do I need to hold ZDPY shares to get the $0.41 dividend?

The company said an investor who wants the dividend must hold the shares through and including the payment date of 20 November 2026. Holding only through the 11 November 2026 record date is not sufficient, because sales during the Dividend Right Period transfer the entitlement. The ex-dividend date is 23 November 2026, after the payment date, which is unusual and reflects the size of the distribution relative to the share price.