"But by technicality, I don't actually own the shares until the settlement date, correct?"
No, that's not correct. You own a stock the instant your buy order is executed. You don't become a shareholder of record until the trade settles, three trading days after your purchase. Being a shareholder and being a shareholder of record are two different things.
With this dividend, you don't need to be a shareholder of record to get the dividend. That's because beginning December 10th (two trading days before the record date of Dec 14) and extending through the end of trading yesterday (the payment date), all shares of ENZN were traded with due bills attached that require the seller to forward the dividend to the buyer. That's why even though the payment date was yesterday, you aren't due the forwarded dividend until the due bill settlement date, which is Jan 4.
It is always the ex-date that determines who gets the dividend, no matter if the ex-date is before or after the record date.
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"Can I still sell shares by end of trading day and get dividend or do I have to hold until monday?"
Anyone who held the stock at the close of extended hours trading yesterday gets the dividend no matter when they sell.
Bought stock yesterday in anticipation of the dividend. Shares were purchased at 80, account was charged, but it says settlement won't happen until Monday. Can I still sell shares by end of trading day and get dividend or do I have to hold until monday?
Really? i bot @ $1 why the heck down here? Their well off to pay dividends so should be way up!
"It bounced last divi all the way back above where it was on the payable date."
Not quite. Last dividend ($0.50 with 8-12 pay date) it closed @ $1.55 on pay date, opened next day @ $1.10 and then peaked at $1.33 before closing at $1.18. It hasn't been above $1.25 since.
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I got mine already. Scottrade. Watch for a bounce today. I'm buying at open. It bounced last divi all the way back above where it was on the payable date.
I was just informed by schwab that I have to hold until 1-4-16 to receive dividend
I you had read the question I answered you would have seen it was if one sold on the 15th would they still get the dividend? The answer to that was NO. There was nothing in the question about buying back at a later date.
I've owned this for quite awhile and done OK, but this is an income stock. You do realize this is basically just a licensing/royalty company? Icahn has been a major holder since late last year. Don't you think these changes would have been made by now? They certainly increased their dividend frequency. Outside of using the free cash flow to buy more licensing (which would cut near term dividends), just what changes is he going to make? I guess he could cut the compensation of the one employee, but I don't see that impacting the stock price.
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1. Then you imply your "girly gender" is not capable of making adequate stock selections ?
2. What does multi-billionaire Warren Buffett have to do with your GIRLY SPAMMING on a Yahoo
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5. In daily life ... is there a warrant out for your arrest for ... "elk #$%$?"
6. Please advise. Come back / thank me tomorrow ... if your SPAMMING handle remains active !!