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Spectrum Pharmaceuticals, Inc. Message Board

  • justknotyet justknotyet Dec 21, 2012 12:10 PM Flag

    Those holding stock today

    At the end of closing get the special divy... Right?

    Sentiment: Buy

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    • Plain and simple: X-Divident was Thurday 12/20 - If you owned the stock at closing on Wednesday 12/19... you get the divident which will appear in your account on 12/28... even if you sold the stock 12/20... if you bought the stock on 12/20... you get ZIP.

      The ex-dividend date is two business days prior to the record date. To be a stockholder on the record date an investor must purchase the stock before the ex-dividend date. The latest date he can buy the stock to be a stockholder on record and be entitled to the dividend would be one day prior to the ex-dividend date (this includes extended hours (pre-market and after-hours) of that day) to allow for the three stock trading day settlement of the stock purchase. If the investor purchases the stock the day before the ex-dividend date the investor would be a stockholder on the record date and would be entitled to receive the dividend payment.[6]
      An investor who wishes to be entitled to the dividend does not have to wait until after the record date to sell the stock; however, the investor must hold the stock until the ex-dividend date. If the investor were to sell the stock on the ex-dividend date or afterwards, the investor would still be entitled to the dividend payment. In this example, assuming that the investor purchased the stock one day before the ex-dividend date, the investor would be a stockholder on the record date. If the investor sells the stock on the ex-dividend date, the buyer of the stock would be a stockholder one day after the record date given the three stock business trading day settlement. The person that bought the stock would not be entitled to receive the dividend.

    • google definition of term " ex dividend date"..................then read sppi press release as to dividend.

    • If it is today, great.... 29,000,000 shorts will have to pay it.

    • I thought it was yesterday.

    • If the world doesn't end before then...:)

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