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Sturm, Ruger & Co. Inc. Message Board

  • mardermj mardermj Dec 6, 2012 9:39 AM Flag

    Folks still confusing date of record with last dividend day....Monday 4 Dec

    Amazingly, there are still folks confused about ex div day which was 5 Dec the day AFTER you can receive the special divvy of $4.50, ex div day the first day you CAN'T receive the divvy, and day of record which is Friday the seventh, the day the books are supposed to be closed on the third business day AFTER the last day the dividend is earned (Dec 4 +3 = Dec 7).

    Ubeleebable

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    • To get the dividend, one need to hold thru to closing on Dec 4th? With gap down expected the following day, if one need to hold to closing to get the dividend, the subsequent 'losses' are unavoidable?
      Does short who hold thru Dec 4th really have to pay the dividend as mention by some people in this forum? I somewhat don't think so. Who can confirm?

      • 1 Reply to rlks888
      • "To get the dividend, one need to hold thru to closing on Dec 4th?"

        Yes.

        "With gap down expected the following day, if one need to hold to closing to get the dividend, the subsequent 'losses' are unavoidable?"

        Yes.

        "Does short who hold thru Dec 4th really have to pay the dividend as mention by some people in this forum?"

        Yes.

        "I somewhat don't think so."

        Then you would be somewhat wrong ... well, completely wrong, actually.

 
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