Record Date is 12/31/2002. As such, you need to own the stock on that day to receive the dividend. As such, with T+3 settlement, the ex (meaning "without") dividend date is 12/27. Are we all clear now? We seem to go through this every damn quarter. (Sorry for my impatience - it's the holidays).
WESTWOOD, Kan.--(BUSINESS WIRE)--Dec. 18, 2002--NovaStar Financial, Inc. (NYSE:NFI... has declared a fourth-quarter cash dividend of $1.60 per share on its common stock.
The common dividend will be paid on January 15, 2003, to holders of record as of December 31, 2002. =============================================== The record date is Tuesday, Dec. 31. Count back three market days from the record date: Tuesday, Monday, Friday. The Ex-div date is Friday, 27 December. The last day to purchase and receive the next div. is Thursday, Dec. 26.
Go to < www.sec.gov/answers/dividen.htm > for a detailed explanation of Ex, Record, and Payment dates by the folk who wrote the rules.
Look at a Yahoo detailed quote or chart... http://finance.yahoo.com/q?s=NFI&d=b ... they report the ex-div date in the lower right corner. (It's usually right, but their data is always suspect, so the best thing to do is verify it at the source.)