Im new to these energy trusts.I copied this from recent news item:"The distribution is payable Nov. 17, 2003, to unit holders of record as of Oct. 31, 2003."Whats to prevent me from buying shares on the 30th of Oct and then selling them on Nov 1st and getting this months div?
Yes, you are too late for this month's dividend. It goes ex-dividend tomorrow on the 29th. And, tomorrow the price of the stock will open down the amount of the dividend. The activity of daytrading dividend-paying stocks just to capture the dividend is somewhat fruitless.