Binance bStocks will distribute Micron Technology stock dividends to MUB holders.

PANews October 12 news, according to an official announcement, Binance will distribute Micron Technology (MU) stock dividends to users holding MUB through bStocks. After deducting applicable withholding taxes, fees, and other related expenses, the net cash dividend will be automatically reinvested in the same underlying security, and eligible users will receive dividends in the form of MUB stock tokens. Users holding MUB balances on-chain will receive bStocks dividends through a multiplier adjustment.

The snapshot time for dividend eligibility is October 14 at 8:00 (UTC+8). Binance will suspend the 1:1 exchange service between MU stock and MUB bStocks, as well as MUB deposit, withdrawal, and conversion functions, on October 14 at 07:30 (UTC+8), and will automatically resume after the distribution is completed. Dividends generated by other accounts will be credited to the spot account.