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Wynn Resorts Ltd. Message Board

  • marketbuy2002 marketbuy2002 Feb 11, 2013 5:40 PM Flag

    Ex Divy


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    • yourbestfriendintheworld yourbestfriendintheworld Feb 11, 2013 7:13 PM Flag

      No, tomorrow the stock trades ex-dividend. Today it trades cum-dividend, i.e., with the dividend, i.e., if you buy it today you get shares that will be owed the dividend and if you buy it tomorrow you get shares that will not be owed the dividend. And by Today is meant any time up to midnight tonight, since you can make a legal pact to sell shares even when the market is not open. If you buy at or after 12:00:00 a.m. ET on 2/12, you are buying shares ex-dividend.

      So, again, you still have time to get the div, if you can find an exchange open after hours, or a person willing to agree to a firm order to sell shares to you.

      Note, however, that if you do your trade off the market, it is unlikely you will be the shareholder of record unless your broker is careful. The dividend will not come automatically to you, but will likely go to the previous owner and he will be legally responsible for delivering it to you. And if he fails you will have to sue for it, and you will be able to produce documentation that he and you made an agreement before midnight, and thus you are entitled to the dividend.

      The regular dividend was doubled recently. It's a dollar now instead of 50 cents. Good yield, especially for a company that is growing its investment significantly.

90.985-0.295(-0.32%)2:19 PMEDT