ok so if i buy 10,000 shares today I will get a $10,000+ dividend check and maybe a higher stock price by August? Is there pro's and con's to buying this now? It seems too good to be true. Or is it just me? Can this go over $5 by then?
If you own ACAS on June 17th at the close you get the dividend. If you buy on June 18th (X-dividend day) or after You will not pay for the dividend so you will not be entitled to it. If, by mistake you get the dividend the broker will take it right out of your account when they correect their records.