Yes Please sell all your shares, and drive the price down to below a dollar. So I can pig out on shares and triple the amount I already own!!! Remember that the divvy is dependent on how many shares you own. More shares = Mo' money.........
Go back to all the threads here where the record date and ex-date are explained over and over and over. Suffice it to say, and i will say it again, you can still by shares from now through August 12 and get the dividend. Enuf already!!
cwn600 has given the definitive explanation on the special dividend. One of the ex dates was mishandled years ago....but since then, they've been done properly.
You're overlooking the due bills. Yes, the company pays the dividend to all shareholders of record as of July 21. That's why they say so in the press release. But at that point the brokerages take over, and all trades beginning July 17 and extending through August 12 are sold with due bills attached. Those due bills obligate the seller to forward the dividend to the buyer. That's why the ex-date is Aug 13 instead of July 17. And that's why you can buy as late as Aug 12 and get the dividend. The company does not participate in the due bill process, so when it pays all shareholders of record as of July 21, it's out of picture. Check the NASDAQ site for ENZN's ex-date. Or check ENZN's 8-Q of July 8.
When normal dividend dates are followed, the ex-date is two days before the record date. When due bills are used, the ex-date is two days before the due bill redemption date. In every case, if you buy before the ex-date, even one day before the ex-date, you get the dividend. No need to be a shareholder of record on the record date in this situation.
Your stockbroker confirmed how normal dividend dates work. This dividend, because of its size relative to the stock price, does not use normal dividend dates. If you call him back and point out that this dividend is using due bills, he'll change his story. And you can stop adding to the confusion.
The SEC filing is clear. My stockbroker confirm it. Do you have something else in black and white to back up your info.? or are you just regurgitating information you got from someone else?
Chart shows turnaround with big increase in volume and buying just beginning to accelerate.
Millennium Healthcare (MHCC) reported revenues increased over 400% in 2014 to over $8 million
Total market cap today at $0.01 per share equals less than $2 million.
At only 10X revenues shares should be selling at $.45 today.
Revenues set to explode again in 2015.
New management is very strong, capable and with strong healthcare relationships.
Expect big runway of new FDA approved early detection diagnostics for heart and cancer.
Small investment has potential for huge gains this year.
Keep MHCC in your portfolio and watch closely for frequent news of big changes
MHCC 12 month price target - $1.25
Sentiment: Strong Buy
Even Fidelity staff got it wrong! Called several times. Dividend group at fidelity verified you can buy ENZN and get the dubudend right up until August 12. Verified. I posted wrong info. That's why I post verify yourself and the reason for message boards for discussions.
Sold out on the 7% pop the next day from $1.54. Looks to be a good trading stock for me. Look to reenter for dividend closer to date
Icahn just said he is still on the stock ..it pop..! hope for the same effect here..He could easily back stop any drop after the dividends.. Indeed he has a reputation to maintained.
"What is the confussion here?"
The confusion here is that guys like you continue to post the wrong information. You're overlooking the due bills. When due bill are involved you can buy the stock as late as the payment date and still get the dividend. In this case you can buy as late as August 12.
"you have to be stockholders as of July 21, 2015"
No, you don't. How about reading up on the due bill procedure and learn how it works instead of adding to the confusion?
How many shares do you own? Do you need the money right now? Do you think you can make more money by selling and investing elsewhere? How much loss or gain do you want? If all of us had a crystal ball, we wouldn't be here. These are the facts: If you sell now, you will take loss. If you wait till dividend and keep the share, you will have a chance of making money. If you sell on 7/22 and the stock stay $1.26 or above (you will break even or make a little $ to pay the taxes). Take those scenarios and answers the questions above then you will know what to do...
"...As previously announced, the $0.50 special cash dividend per share is payable on August 12, 2015 to stockholders of record as of July 21, 2015."
you have to be stockholders as of July 21, 2015.
Payments are send out on 8/12/2015
What is the confussion here?
So we have to hold until August 12 to get the dividend? How about the date 7/21/2015?
Over the years, I have invested in companies such as ENZN where a special dividend is involved. In EVERY instance, is the same scenario that has come down the pike here--where investors erroneously conclude that the ex-date is a day or two minus the record date. Suffice it to say and it has already been said, the ex-date is August 13--the day after the payment date. If you want, buy until that date and get the dividend or sell and forsake the dividend, GLTA