In anticipation of the usual flood of FAQ's about what it means to buy/sell/hold around the ex, record, and payable dates, here's the link to investopedia's description of the process and dynamics.http://www.investopedia.com/articles/02/110802.aspWhat it doesn't mention is: if you short the stock and hold that position through the ex-div date, you have to _pay_ the dividend in cash. And it doesn't talk about options.
THANKS!!!!yourbest....for clearing this up for these people who do not know how it works1!!