I was certain that we'd get the announcement by no later than Friday. They have never announced later than the 16th of any month, save for the first time around (5/25/10) when the company was still finding its legs (opinion).
A bit puzzling.
For what it's worth, dividend announcements have been made 5 times on a Friday,
once on a Monday, 3 times on a Tuesday, and once each on Wednesday and Thursday.
Means nothing really but I "assumed" they would be falling in to a mid-month Friday pattern.
Oh well, shows to go ya ..
I'm pretty sure I'll be buying a few more shares in the coming week one way or another.
That is an interesting observation with regard to groupings of 5-5-5 on the Dec 2012 calendar. When you combine 10 days of weekend plus holiday closings and/or abbreviated sessions, this will be an added boost for financial institutions enabling delays in processing to maximize float periods. Ask any financial institution why transactions stop on weekends and holidays when computers run 24/7 and you won't get a logical answer. Of course, we already know the answer. But, having credit & debit cards accounts with real-time access, it can readily be seen that transactions initiated by cardholders are processed immediately 24/7 365 day a year. For this reason, I always avoid scheduling ACH transfers on Friday or holidays.
Does this count, from 12/10/2012:
Armour Residential R ( ARR ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.09 per share scheduled for December 28, 2012. Shareholders who purchased ARR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that ARR has paid the same dividend. At the current stock price of $6.98, the dividend yield is 15.47%.
The previous trading day's last sale of ARR was $6.98, representing a -12.53% decrease from the 52 week high of $7.98 and a 22.46% increase over the 52 week low of $5.70.
All the confusion can be blamed on the dreaded Gregorian calendar instituted by Pope Gregory XIII back in 1582. Personally, I would have established a calendar having 13 months, each month being equal with 28 days. The odd amount remaining would then be added during harvest season at the end of the year where all women under the age of 30 dance around the fire naked. ARR will announce on Monday, Dec 17 after the close.