When is earliest time to exit after EX-DIV 12/24/2012
Do you have to wait until after 8pm or at reg. market close @ 4pm?
Please help to educate me.
You must own the stock before the ex-div date, the 24th in AGNC's case, and be the shareholder of record until the 27th. Most of the info you are getting about this has been incorrect.
Here's the info you need from the press release; On Friday, December 14, American Capital Agency Corp (AGNC) reported that it will maintain its quarterly dividend at $1.25 per share for the fourth quarter of 2012. The dividend will be paid out next year, on January 28, to shareholders of record on December 27, with an ex-dividend date of December 24, 2012.
We have this confusion every EX date. Why would anyone own a dividend paying stock and not know this basic answer? Almost everyone here, on this thread, answered correctly(except wdp_atkinson), so I don't know where pytopharmica is coming from stating the same thing as everyone else and then saying he's the only one who's correct?? Do you know the correct answer? You stated it and then said most everyone else was wrong...strange....
btw..since almost everyone answered correctly why are others posting the identical answer..to reassure themselves..who knows...;-)
Sentiment: Strong Buy
Monday 12/24 the stock trades ex-div. It trades with the div until midnight Sunday night 12/23. After midnight, it trades without the div.
This legally covers transfers of ownership made when the markets are closed. After midnight, the div belongs to the seller, not the buyer.
mike.corriveeau you are about to learn a valuable lesson that will benefit you for the rest of your life. The loss you take as you try to exit AGNC will get larger the longer you wait. The so called experts on this board are long gone. The longer you hold the bag the heavier at will get. I took a large loss on AGNC last quarter and learned my lesson. I expect the PPS to settle in the $20-$26 range and run up and down until its creamed by interest rate rise in late 2014. My opinion is worth what you pay for it.
If your question is, how soon can I sell and still get the divy?, then the answer is you can sell anytime on 24th (even pre-market) and still get the divy. If you sell today (even aftermarket) you won't get the divy.
This is very confusing for many, including me, so I wouldn't base any decisions on what I just said without confirmation.