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LORILLARD INC Message Board

  • samwlwu samwlwu Jan 10, 2013 4:47 PM Flag

    question regarding the split

    I just bought some shares of LO today. Have been watching the price action for a while and looks like it's a good value. But I didn't realize in November there was an announced 3:1 split as of Dec 14th. My question is, if I bought the shares today (1/10) is that going to affect the share prices when the split occur? Usually if a stock is giving out a "dividend" the price will drop by a corresponding amount on the ex-date. For LO, i didn't see such a drop on the ex-date. How would that impact someone like me who bought shares after the "ex" date?

    Sentiment: Buy

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    • " if I bought the shares today (1/10) is that going to affect the share prices when the split occur?"

      Yes. The price of a stock always adjusts when it splits. How could it not?

      "Usually if a stock is giving out a "dividend" the price will drop by a corresponding amount on the ex-date. For LO, i didn't see such a drop on the ex-date."

      That's because you didn't see the ex-date. It hasn't come around yet.

      "How would that impact someone like me who bought shares after the "ex" date?"

      You didn't buy shares after the ex-date. You bought shares after the record date. Ex-date and record date are not the same thing. The ex-date for the split is next week.

 
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