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Frontier Communications Corporation Message Board

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  • stegosaurus1 stegosaurus1 Mar 7, 2011 11:44 AM Flag

    Thanks for the Coin

    If he bought before ex-div (ie Friday), then he gets the divi. No question about it.

    Take it to the bank.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • you would do well with some homework also ....

      the trade must settle by exdiv date .. at least 3 days and
      some brokerages don't settle for 5 !!!

      BTW ... WEEKENDS DON'T COUNT .. it's 3 business days ..
      so if you bought on Wed last week , you'll probably get it ,
      but no guarantee ..

      i learned this the hard way . if you are going to capture
      a div , you better buy 5 BIZ days ahead of exdiv , then
      watch the price drop nicely until after the date ...

      unless yer trading a whole bunch of shares , trying play
      the div capture game is folly ..

      remember .. if it seems to good to be true , or a sure shot,
      you caution hackles should be up !!!!

      • 1 Reply to garceman1
      • your quote:

        "...the trade must settle by exdiv date .. at least 3 days and some brokerages don't settle for 5 !!!"

        The trade must settle by THE SETTLEMENT DATE, not the ex-div date.

        What do you think the phrase "ex-div" means?
        The guy who owns the stock on the DAY BEFORE and who OWNS AND/OR SELLS ON ex-div day gets the dividend. Always.

        The buyer on ex-div day DOES NOT GET THE DIVIDEND!!! EVER!!!

        You can remain ignorant on the workings of the market, but try not to convince others.

 
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