What is the last day I can buy this stock and get the dividend? Also in this boards opinion is this a good time to get in or do you think the price is going to drop dramatically after the dividend is paid. Thanks!
the absolute best thing do , is make a phone call to your broker .. there may be differences from one broker to another, but the
"ownership" of the shares is based on the SETTLEMENT date , not the purchase date usually 3 days diff , but could even be longer
don't be obsessive and try to cut things so close .
BTW .. IF playing the div game was such a sure shot , then the big guys would be doing it and everything would be a wash .. without being able to front run with sophisticated program trading ... playing the div thing is a loser's game
besides .. if you had bought last week , you could have scored lowest price and wouldn't have to hold long to capture the div .... understand too , that brokers will adjust a buy price , if you buy on exdiv day to reflect the div amt ...
it's a seductive game , but not different than putting everything on red for one spin ...
accumulation of divs and reinvestment is definitely a tried and true method for accumulating wealth anyway ..
later .. garce
HOW COME ?? this question seems to come up every quarter on every board of every div stock ???? sheeshhhh !!!!