On their web site it lists an ex-date of 9/25/08, a record date of 9/29/08 and a payment date of 10/10/08 of $1.00 a share. What is the record date and when do you actually have to have this stock to get the dividend?
To get the dividend, you have to buy the stock at least one day before it trades ex-dividend (ex means without). Then it will settle to your account in three business days which means you will have it on the record books on the day of record. In this case, buy it on or before 9/24 and be the shareowner of record three business days later, on or before 9/29.
Thanks, By the way, at this point this stock should by all means be a 25-30 dollar a share stock. Any ideas why it is still so cheap it is paying over 22% dividend? Seems like some large 100,000 share transaction investors would have snatched this one up by now, in large part.