help please.. when do you have to own the stock to get the dividend? thanks much
"can you sell on Jan 23 and still get the dividend? thanks"
It's very simple. On EX-DIV day, sellers get the dividend, buyers don't.
(And NO, you can't buy it tomorrow morning, sell in the afternoon & GET the dividend)
Some people insist there's a way to manipulate this system & get rich, they're wrong!!
If you buy 200 shares today at 16.00, you're cost basis (omitting commission) would be $3,200.00. Lets say it closes at 16.00. Tomorrow the price will be adjusted down .36 to account for the dividend. So tomorrow, the stock opens at 15.64
You're down $72.00 (more if you count commission) Of course the stock could go up, & you will receive the .36 per share div on jan 31st