Mon, May 20, 2013, 7:55 AM EDT - U.S. Markets open in 1 hr 35 mins
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"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."!