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The GEO Group, Inc. Message Board

  • rwagner467 rwagner467 Dec 10, 2012 12:16 PM Flag

    I made a mistake. the x-div date is the 12th. Here is the quote from the geo webpage:

    On December 6, 2012, GEO's Board declared a special dividend of $5.68 per share of common stock, representing approximately $350 million of accumulated earnings and profits, which will be paid on December 31, 2012 to shareholders of record as of December 12, 2012.

    Does this mean that we have to have shares at the close of 12/12/12? Why the dumping today and all the buying on thursday and friday? this is a 20% dividend. Why isn't everyone buying this. Is there something here I'm missing? Please let me know before I make a big mistake and buy some more.

    Sentiment: Strong Buy

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    • You obviously do not know how ex-dividend dates work. It takes 3 business days for stocks to SETTLE, meaning if you buy a stock on Jan 1st, you will not actually on record own the stock until Jan 3th.

      So shareholders with a record date of Dec 12th, means that you need to have purchased the stock BY Dec 10th.

      Sentiment: Strong Sell

      • 1 Reply to asp924
      • "You obviously do not know how ex-dividend dates work."

        No, asp924, you're the one who doesn't know how ex-dates work. You got it wrong twice:

        "It takes 3 business days for stocks to SETTLE, meaning if you buy a stock on Jan 1st, you will not actually on record own the stock until Jan 3th."

        Let's count those three settlement dates. You buy on Jan 1st. One business day later would be Jan 2nd.

        You with me so far?

        Two business days later would be Jan 3rd.

        Still keeping up, or are you already hopelessly lost?

        Three business days later would be Jan 4th, not Jan 3rd as you claimed.

        I know that counting to three is a horribly complex task but if you want to be invested in dividend-paying stocks, it's something you really ought to learn.

        "with a record date of Dec 12th, means that you need to have purchased the stock BY Dec 10th."

        No, you needed to buy by the 7th.

        And you had the balls to tell someone else, "You obviously do not know how ex-dividend dates work."!

    • share holder of record date is not the same as the exdiv date. Share holder of record is 2 or 3 days after the exdiv date. In order to get the dividend you must have purchased the stock before the exdividend day. If you sell on the exdiv day you get the dividend. On exdiv day stocks tend to open lower than the previous day by the amount of the dividend.

    • Ex- div date is Today....those buying today, WON'T get div!!

 
GEO
35.48-0.15(-0.42%)Jul 11 4:04 PMEDT

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