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CAMAC Energy, Inc. Message Board

  • keller8112 keller8112 Feb 6, 2014 3:02 PM Flag

    THOSE ENTITLED TO THE DIVIDEND

    You must own the stock through the 2/21/14 to be entitled to the dividend. I have confirmed this with Camac IR.
    So if you sell between 2/14-2/21 you will NOT be entitled to the stock dividend.

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    • Since 22 and 23 Feb fall on weekends, ex-dividend date is 24 Feb, monday, and if you sell on 24 feb will I get dividend?

      Sentiment: Strong Buy

    • That's not correct. You still can receive the dividend if you sell the stock after ex-dividend date(Next Wednesday). But, you must buy the stock one day before ex-dividend day if you want to receive the dividend.
      You don't have to own the stock through the 2/21/14.
      You need to call again to get the right information.

      • 1 Reply to we_love_ki
      • "That's not correct."

        Yes, it is correct.

        "You still can receive the dividend if you sell the stock after ex-dividend date(Next Wednesday)."

        Next Wednesday isn't the ex-date. Because the stock dividend does not follow normal dividend rules, the ex-date in this case is the first business day after the payment date.

        "But, you must buy the stock one day before ex-dividend day if you want to receive the dividend."

        Yes, and that day is Feb 21st, not next Wednesday.

        "You don't have to own the stock through the 2/21/14."

        Yes, you do.

        "You need to call again to get the right information."

        No, that's what YOU need to do.

        And by the way, if this stock dividend did follow normal dividend rules, which it doesn't, the ex-date would've been next Tuesday, not next Wednesday. You really need to study up on how dividend dates work.

    • That is correct...FINRA rule 11140. The dividend payable date is one business day before the ex-dividend date because of the special rules. If you don't plan on holding this until the ex-dividend date you won't get the dividend. I believe the dividend will show up in your account over the weekend before the market opens on 2/24.

      Sentiment: Strong Buy

 
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