says the record date is close of business May 7th, no issue there shareholders at that time get the dividend. Payable on or before the June date, no problem there. But why is it opening 60c below where it closed yesterday and show its up 8% etc?
WRONG it says payable on or before June not May. May 7th is the record date so why is this trading ex dividend today?
3 days to settle and 2 weekends with no trading The 7th is Monday, but you will not be holder of record if you were not in yesterday. The dividend has clearly been taken out today.
robhenderson222, look for my next post where I link to an explanation of how dividend dates work.
Call your broker and ask. dont rely on message board for answer....Its Ex div today......
why is it ex div today if the date of record is May 7th?