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Einstein Noah Restaurant Group, AŞ Message Board

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  • cwn600 cwn600 Dec 11, 2012 6:49 PM Flag

    You earn the $4.00 dividend if you own the stock on or before 12/17

    "It then goes ex-dividend on 12/28"

    Yes.

    "You do NOT get the dividend if you buy and your funds are not settled by 12/17 EOB."

    That's not true. You get the dividend if you buy anytime up to, and including the payment date of 12-27. As with any dividend, buy before the ex-date, get the dividend. Beginning Thursday, the 13th, the stock will be trading with due bills attached, which obligates the seller to forward the dividend to whoever owns the stock as of the close of trading on the payment date, the 27th. That's why the press release says shareholders of record as of 12-17 will be paid the dividend -- but if they sell before the ex-date of the 28th, they have to forward the dividend to the buyer.

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