"does the three days trade settlement apply?"
No. The three day settlement period does not apply to ex-dates ever. Ex-dates are real-time dates. Buy before the ex-date, get the distribution; buy on or after the ex-date, don't get the distribution. The ex-date in this case is Dec 31.
"then anyone can buy POZN shares on Dec 30th and still entitle to get the dividend $1.75"
"anyone who sell short POZN shares on Dec 30th still be responsible for paying back $1.75"
"today is the last day to get in order to collect $1.75 for sure"
No, it's not.
"Tomorrow, may/may not get, I am not for sure."
Then why did you bother?
"be carefull with guys like CWN600"
Oh yes, absolutely -- you simply HAVE to be careful with guys like me. About the last thing all you baloney vendors need is to be presented with simple facts. All they do is get in the way of your wild, wishful speculations.
"you have to have held it on the ex date today and and the record date to collect"
No. You can sell on the ex-date and still get the dividend. Only with mutual funds do you need to hold through the record date. This trades like a stock, not a mutual fund.
"I sold my stock after 16th assuming I'll get the dividend."
Well, you assumed wrong. fullofabs is correct.
"I'm comparing with NOV 2012 announcement."
That comparison won't do you any good because it doesn't tell you what will happen this year. In fact, this year the ex-date is the 24th. Compare and complain all you want, but it won't change the fact that this year the ex-date is the 24th. The fact that December 12th has come and gone and it WASN'T the ex-date should tell you two things: 1. The ex-date is the 24th. 2. Comparing the declaration of last December's distribution is meaningless.
"if you assume that todays PPS will be the same at the 30th"
No. Before the 31st, at any point in time, the PPS does indeed reflect the dividend. Price appreciation or depreciation does not change the fact that the $1.75 is included in the price before the 31st.
"You and CWN600 definitly did not win the oscar for investing in stocks"
Totally irrelevant to what killertime42 said.
"If you sell today.... you assume that todays PPS will not go up anymore."
That too is totally irrelevant to what killertime42 said.
"I suggest that you and CWN600 do what you say to others and sell today your own shares"
He never said any such thing, which means I couldn't possibly have agreed to it.
jooo22, you have a lot of balls telling other people what to do when you can't even understand a simple statement of fact.
Exactly right. And that's the most difficult fact for most individual investors to grasp. The idea that a dividend (or distribution) is free money, though completely wrong, is blinding, I guess. I rarely try to explain it because people get even more #$%$ at me than when I tell them the ex-date is going to be the day after the payment date.
"i sold today my shares and I like to know what is going to happen if i want to buy them back BEFORE jan 31th??? can i still receive the $1.75 cashback or not."
Assuming you mean December 31st and not January 31st, yes. But be aware that you will not be paid the $1.75 until at least January 3rd, and probably not until a few days after that. It takes time for the payment to reach the rightful owner in this kind of distribution where the ex-date is after the record date.
Here's a very confusing complication that may apply to you. The shares you just sold -- if you bought them before Dec 9th, you will receive the $1.75 on Dec 30th (or maybe a day or two later, depending on your broker) but because you sold them before the 31st, that money will be taken out of your account a few days later and forwarded to the rightful owner. However, if you buy back the shares before the 31st, the $1.75 will go into your account on or about the 30th, then it will be withdrawn a few days later, then deposited back into your account within a couple days. Yes, it sounds strange but that's the way it works when you buy before the 9th, sell before the 31st and buy it back again before the 31st.