If your panicked post is referring to today's 1.43 dividend then
This is from the custodian bank of this ADR; the payment date is the
18th. It could take 3-5 business days after that to receive your
If you didn't receive the previous .85 dividend over the summer, thats
a different story.
The people in fear should be those that bought on Dec 11 or Dec 14th, everyone before the 11th is gaurenteed a dividend for the exact amount they loss. example below:
Think of it this way. Suppose you
invested $1000 in Company A @ $10 per share. Suppose then the company
decided to devalue the share price to $8 per share. You would have
lost $200. So to compensate you the company decides to give you the
$200 as dividend. Does this mean you are getting dividend? No you are
just getting your money back.
Expect those dividends no LATER than DEC 29, 2009
This time they "forgot" to mention the ex-date, today Dec 14 th.
But if you read the other announces for the former RI, specially this, (it will clarify your doubts):
This time those who bought on Jun 23th got the "rump", and on Jun 24th the price drop in equal amount.
Hope this help and you sleep well!
I saw on the website-
Nov 25, 2009 Dec 18, 2009 Rights 1.4286 0.0000 0.0000 Final
Umm... I owned it as of 12/2- so I am at a loss of 1.42??? because my account is reflecting a loss of 25%- avg price of 5.05
Todays drop is like a dividend-paying stock's "ex-dividend" day. If you notice, on Friday LYG closed at $5.09 and this Monday morning LYG opened at $3.67. $1.42 less, which is the "dividend".
My avg is 5.05- i bought the stock on DEC 2nd-
the stock is UP today and is at 3.7- I would think the dividend came out of the stock price- HOW DO I LOSE THOUGH!? I am not getting the dividend and the stock is down?
I called zecco and they said that it is my loss!