Will the dividend payout impact the stock's liquidity or trading volume around the record date?

Impact on liquidity and volume

A $0.02 cash dividend on a $0.02‑per‑share basis is a very modest payout (≈0.5 %–1 % of the current TBTC price, which typically trades around $0.02–$0.03). Because the absolute amount is small, most institutional investors and market‑makers will not adjust their positions dramatically. However, the mechanical “record‑date” effect will still generate a modest, short‑lived spike in trading volume around the close of August 29. Shareholders who need to be “on the books” will often buy or sell the last few days before the record date, creating a modest uptick in activity; the effect is usually limited to a 1‑2 % increase in daily volume and a slight compression of the bid‑ask spread as market makers hedge the small cash outflow. The actual liquidity impact (i.e., the ability to trade without moving price) will be negligible because the dividend amount is tiny relative to the market’s daily turnover.

Trading implications

1. Short‑term: Expect a modest, pre‑record‑date rally as traders who typically “capture” the dividend (e.g., retail “ dividend‑capture” strategies) buy shares, followed by a modest sell‑off after the record date as those same participants close positions. This can be exploited with a “buy‑the‑rumor / sell‑the‑news” play: enter a modest long position a day or two before the record date and exit shortly after the record date (or on the ex‑dividend date) to capture any intra‑day price bump (often 0.5–1 % in penny‑stock regimes).

2. Risk management: Because TBTC is an OTCQX stock with relatively low liquidity, even small order flows can create price spikes. Use tight stop‑losses (e.g., 2–3 % below entry) and limit order size to avoid moving the market. If technicals (e.g., a strong uptrend or a break above a short‑term resistance band) coincide with the dividend, the volume boost can serve as a catalyst for a breakout; monitor the 10‑day EMA and volume‑weighted average price (VWAP) on the record‑date day to gauge if the momentum sustains. In the absence of a broader catalyst, the dividend alone is unlikely to generate a lasting trend, so treat any post‑record‑date price drift as noise unless confirmed by volume‑driven breakouts.