If you think you are going to make money off the 1.00 dividend read this
You need to buy TLAB at least 3 days before the record date and hold until the pay date. Then just like ENZN it will set a new 52 week low or lose all of the $1.00 dividend in share price before the open of the pay date. Don't get hooked.
The seller of shares today (Dec 12th) will get paid the $1 special dividend, the buyer of shares today (Dec 12th) will not get the $1 special dividend. The company can not pay out dividend to both buyer and seller of the same share, because the Co will end up paying dividend twice for that share!
Few investors may not know such little details and may go ahead and buy the shares today (Dec 12th), thinking that they will get paid the $1 special dividend, but they will be just left holding the empty cash bag until cows come home.
"You need to buy TLAB at least 3 days before the record date and hold until the pay date."
No. You need to buy at least three days before the record date but you can sell it two days before the record date and still get the dividend. Buy before the ex-date, get the dividend, sell on the ex-date, keep the dividend. There is no need to hold until the payment date. It is the ex-date that determines who gets the dividend. The payment date has nothing to do with it.