Mon, Dec 29, 2014, 4:21 AM EST - U.S. Markets open in 5 hrs 9 mins

Recent

% | $
Quotes you view appear here for quick access.

H. J. Heinz Company Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • andevenabs andevenabs Sep 21, 2009 12:33 PM Flag

    Glad I bought

    in an after tax scenario, it actually makes sense to purposefully miss the ex-dividend date. Typically, the stock drops roughly the amount of the dividend.

    Let us say for example, you bought ABC stock for $40 on the last day you're eligible for the dividend payout. The following day, you could have bought the shares for $40 less the quarterly payout, effectively you've lowered your cost basis by the dividend, and don't pay STCG on the dividend.
    It's a common misconception.

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.