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Anworth Mortgage Asset Corporation Message Board

  • jdkk00 jdkk00 Dec 2, 2002 10:57 PM Flag

    thanks for answers

    Not really looking to try to make three day trades out of it. I just usually hold stocks with a stop loss, especially in this current enviorment, and was wondering if I would get dividend if it hiy the stop loss and sold. thanks for the info.

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    • They only pay the "holder of record". All the trading clowns are just trying to figure out how to beat a 16% dividend. It is a bit hard to do in this market. Of course shorts do it all the time, but that would be way too deep for these guys.

    • zzzuff,

      I thought you had simply replied to my post instead of the former poster. But I just wanted to be sure I wasn't missing something you might be saying. :-)

      Regards,
      NHY

    • Not directed at you NHY. Someone down the thread who was trying to understand how the co.could afford to pay dividends to someone jumping in and out. I'm not about to tell you anything about these stocks as I'm still to busy learning from you.
      Thanks Z

    • "Also such a trade is not usually done as it would usually lose money. It was an example of what you would be allowed to do not what you should."

      True! I'm the one that gave that example.

      Sounds like either your comments were meant for the prior poster and you replied to my message in error or I'm not following your point.

      Regards,
      NHY

    • <how can ANH pay the Dividend to many people on the same share of stock"

      Also such a trade is not usually done as it would usually lose money. It was an example of what you would be allowed to do not what you should.

    • "how can ANH pay the Dividend to many people on the same share of stock"

      Huh???

      Those that sold to you at the close the day before the ex-date DO NOT get the dividend. You do. When you sell on the ex-date, those buyers do not get the dividend either.

      Think of it this way if it helps:
      Only those who bought their shares before the opening bell on the NYSE on the ex-dividend date will receive the dividend.

      As soon as that bell rings, all sales from then on are without the dividend.

      Hope that helps.

      Regards,
      NHY

    • there shorting it..

    • So you could buy at the close the day before the ex-date and sell at the open on the ex-date and still receive the dividend despite only "owning" the stock for a matter of seconds during which the market was open.

      how can ANH pay the Dividend to many people on the same share of stock just because they traded that day?? That makes no sense!!

    • Yes that's true, x_stock. Also some dividends come with due bills to confuse matters more.

      But judging from the confusion of the posters here on these matters, I think it is enough to try teach them the general rules and not worry about the exceptions.

      Regards,
      NHY

    • "which would be completely pointless and simply end up costing you the price of commission for the buy and for the sell."

      I agree completely. But that doesn't address the fact that for some illogical reason many people desire and insist on buying right before the ex-dividend date instead of waiting to buy until on the ex-dividend date.

      I can only guess they enjoy paying income taxes on those dividends and being in the hole by that tax due amount the next morning. Nothing else makes sense to me.

      Regards,
      NHY

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ANH
5.18+0.01(+0.19%)Aug 26 4:02 PMEDT

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