You will see the stock price reduced by approximately $.41 on the opening on Tuesday, Dec 29th, the ex-dividend date. You will receive the dividend on or after January 25th, 2010, the distribution date. Date of record is Dec. 31st.
Therefore, if you want the dividend you must buy on or before Monday, Dec. 28th and have the trade settled on Dec 31st (T+3).
I feel ya. So tempting to sell with such a huge gain. I'm up nearly 30% from my buy in price. But at a ((current price) 14% divy, how do you sell?? Love this f'er. I just put a trailing stop in. If it tanks I'm out at 11.50, if not I'll just set back and soak up the heavy divy.