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Resource Capital Corp. Message Board

  • elfmuse1 elfmuse1 Sep 23, 2010 2:42 PM Flag

    What date is this Exdiv day for this quarter

    I know it's newb question but haven't seen it anywhere. Just wondering what is last day to get in(exdiv - 3 days)

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    • Right from the company's press release.

      Press Release Source: Resource Capital Corp. On Thursday September 16, 2010, 11:01 am EDT
      PHILADELPHIA, PA--(Marketwire - 09/16/10) - Resource Capital Corp. (NYSE:RSO - News) ("RCC") announced today that its Board of Directors has declared a cash dividend of $0.25 per common share for the quarter ending September 30, 2010. The dividend will be paid on October 26, 2010 to holders of record on September 30, 2010.

      • 1 Reply to jda1942
      • Hope this helps;
        The question about Ex-dividend, (without the dividend) date seems to be asked every quarter. The answer is that the Ex-dividend date is three days before the date of record. In the current case, the Date of record is 30 September, making the Ex-dividend date the 28th. But, and this is the catch, you need to own the stock before the ex-dividend date in order to collect the dividend, that means that if you don't own the stock on or before the market close on Monday, September 27th, you won't get the next dividend.
        Confusing I know, but by remembering "ex-dividend" means "without the dividend" and that a trade is not "settled" for three days (including the day of the trade) after the trade takes place, you can calculate your own ex-dividend date or just take a minute and look it up on any number of web sites including the Company's. And remember, if you buy on the ex-dividend date in order to get the dividend, you are a day late.

    • "The dividend will be paid on October 26, 2010 to holders of record on September 30, 2010".

      Exdiv day is September 30, 2010 ?

    • Go to AOL financial site.Type in RSO and they have the dates for dividends. This Ex date puzzle always comes up.If its a big deal call your broker.Hint you have till next week.

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