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Emmis Communications Corp. Message Board

  • drgeorgy5 drgeorgy5 Nov 22, 2006 9:46 PM Flag

    I have already got the cash

    I got my $20,000 added to my account and I still have the stock at the close price of $12.65...what gives?

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    • everyone should have thier $$. based on vol and price history last 6 mos if it goes under 7 1/2-7 i'll be there takeing it all that's just not smart, head fake.jmo.

    • Watch it drop next trading day (tomorrow?)! $4+

    • While researching a Fast and Foolish article on TD AmeriTrade Holding Corp. (Nasdaq: AMTD), I realized something: A lot of people have no idea, or the wrong idea, about what happens when a company pays its dividend, and what they can do about it. I've boiled these misunderstandings and misconceptions down to seven myths.
      In Part 1, we'll look at myths dealing with price adjustments, taxes, and trusting your 1099-DIV form. Read on to start becoming a Foolish dividend expert.
      Myth one: Stock prices do not adjust downward when dividends are paid.
      Run for the hills -- Ameritrade opened 25% down from the previous close! Oh, wait -- they only went ex-div on a special dividend. Come back!
      That might have been the scene for some investors the morning of Jan. 25. One of the important dates in a dividend cycle is the "ex-dividend" date (often abbreviated "ex-div"). According to the IRS, this is the date upon which a new buyer of a stock will not receive a dividend payment. On that day, the money no longer belongs to the company, and new shareholders cannot get it, so the exchanges artificially lower the stock price by the amount of the dividend to reflect the price available to new purchasers.
      In most cases, since dividends are small compared to the daily fluctuations in stock price, this adjustment is lost in normal trading noise. Sometimes, though, the dividend is much larger than normal movement levels, and the price drop is highly apparent. When it opened Jan. 25, Ameritrade's price had fallen $6.44 below the previous closing price. Part of that was normal trading movement, but the vast majority of it was due to the $6 dividend.

    • Did you know that all stock holders get a free massage coupon if they hold on past Friday? Read the fine print and hope this Turkey EMMS flies back to $12.60 or else we are all prisoners of our greed.

    • Well, here is what is going to happen on Friday. The stock will adjust down $4 a share to $8.60. ..... As it always does when an Ex dividend is paid. You will still have the same number of shares but they will be worth $20,000 less than on last Wednesdays when the stock was $12.60. You will have not gained a nickel in actual value. In essence you have just pulled $20 0000 equity out of the stock ... which you will have to claim as income this year.

    • Well, here is wha tis going to happen on Friday. the stock will adjust down $4 a share to $8.60. ..... as it always does when a Ex dividen is paid. you will still have the sam number of shares but they will be worth $20,000 less than on last wednesday when the stock was $12.60. You will have not gained a nickel in actual value. in essence you hae just pulled $20 0000 equity out of the stock ... which you will have to claim as income this year.

      • 1 Reply to rpingelton
      • Well, here is what is going to happen on Friday. The stock will adjust down $4 a share to $8.60. ..... As it always does when an Ex dividend is paid. You will still have the same number of shares but they will be worth $20,000 less than on last Wednesdays when the stock was $12.60. You will have not gained a nickel in actual value. In essence you have just pulled $20 0000 equity out of the stock ... which you will have to claim as income this year.

    • No. I picked up my shares on Nov. 8, 2006.
      The record date of Nov. 12 is not very important here.
      The ex-div. date is the important date. Anyone buying before and holding until the ex-div. date goes on record and is eligible for the special div.

    • Not sure, but.. if you purchased your shares after the 12th...the dividend will go from Emmis to the owner's account (broker) of record on the 12th. Then that broker will need to forward the dividend to my account...So it will show up by say Monday. Wizard, were your shares purcahsed after the 12th?
      _Splat

    • Don't worry, you're eligible for the special div....anyone buying up until and including Nov. 22, gets it; however, you must own it on Fri. morning 8 a.m. and not have sold it on Wed. Nov. 22.
      I have no record of the dividend anywhere I look. If you already have the div., then there is no valid reason that ETrade can give me as to why I don't.

    • I should imagineit will open at less tomorrow.

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EMMS
2.57+0.07(+2.80%)Aug 26 4:00 PMEDT

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