Takes 3 days to settle a trade. Buy it today and you become a shareholder of record on 2/3. No dividend.
I've been doing a little short-term trading around my core position. Tuesday, I sold 500 shares at $12.67 that I'd picked up for $10.18. This AM I bought them back for $11.17. Yes, this is quite overdone, though maybe not yet completely done............Dave
See news on Jan 16th...it says you get divvy if you own it as of Feb 2nd. Am i correct in reading it or is it something to it?
HONG KONG, CHINA--(MARKET WIRE)--Jan 16, 2009 -- Seaspan Corporation (NYSE:SSW - News) announced today that the Company's Board of Directors has declared a quarterly dividend of $0.475 for the three months ended December 31, 2008. The dividend will be paid on February 16, 2009 to all shareholders of record as of February 2, 2009
It's trading ex-dividend today. That's why the current price, $11.58 shows as down 94 cents, while it closed yesterday at $13.00. The difference, 48 cents, is the adjustment for the dividend...........Dave