"Won't OWN it with a purchase date of 3/23"
Yes, you would. You own a stock the instant your purchase order is executed. If you didn't, there would be no such thing as day trading. While you own a stock the instant your purchase order is executed, you do not become a shareholder of record until the trade settles, which is three days later. You have to be a shareholder of record on the dividend record date to get a dividend, and since the record date for this dividend is March 26, a purchase on March 23 would make you a shareholder of record on the 26th.
The only purpose of an ex-dividend date is to take into account the three day settlement period before becoming a shareholder of record on the record date.
"More volume than you can shake a stick at."
I disagree. I'm pretty sure I could've shaken a stick at it, had I been aware of it at the time.
Of course I would've needed enough advance notice to find a stick.
"it is to late to buy the stock for a div"
No, it's not. Purchases of the stock through March 27 will include the dividend if held until march 30th. That information is in the company's declaration of the distribution.
"When stop loss get blown threw holders of millions of shares get back logged. 10 000 shares get traded in a second. "
And what makes you so absolutely, positively sure that your shares will be the ones that sell first and not among the millions of shares backlogged? Hint: It's not the size of the order that determines the order in which they're executed.
Not only is your misunderstanding of stop loss orders obvious, so is your inability to convince anyone else otherwise.
"actually its march 13 at the close"
No, actually, dreamtrader was right. March 13 is the record date. To be a shareholder of record on the record date you had to have bought the stock before the close on the 10th.
"Impossible for me to lose money when My stop loss is set at 5.95"
You need to study up on how stop loss orders really work. A stop loss order to sell becomes a market order to sell when your stop loss price is reached. If there are no bids at that price, you get the next bid (depending on where you are in line with other stop loss orders placed, of course) no matter what it is. If you're lucky, it's higher. But during a market crash, the next bid might be cents or it might be dollars below your stop price.
srlabell1, your constant efforts to show this board how smart you are only accomplish the opposite.
"You Don't Own it until its Paid For."
No, you own a stock the instant your purchase order is executed. You don't become a shareholder of record until the trade settles. The two types of ownership are not the same. If you were right, that "You Don't Own it until its Paid For," then if you sold it before the purchase trade settled, you wouldn't be able to keep the profit--or suffer the loss--and that would mean that day trading would be pointless, so wouldn't exist. It does exist. And day traders don't hold positions until the three day settlement period is over.
"You can buy MRK on 3/12 and sell on 3/13 and still get the div on 4/8. hope this helps"
Well, it doesn't help because it's wrong. You can't buy a stock on its ex-date and get the dividend. The ex-date is the first day the stock trades WITHOUT the dividend. You had to buy MRK before the end of extended hours trading on March 11th and hold it until the 12th to get the dividend.
Geez, you said something dumb, I made a joke about it and now you can't let it go.
"Considering I made everything from nothing is quite an achievement for a forty seven year old man."
Yes, it is quite an achievement. I happen to know what that's like because I also started with nothing and retired at 43. So your achievement, though impressive, doesn't one-up me.
"if you want me to indulge I would"
No, instead, I'd kinda like to see you recognize a simple joke for what it is, not as an attack of your credibility. If you'd deflate your ego just enough to let you read the screen clearly, you'll notice -- well, MOST people would notice -- that I wasn't questioning your honesty. But since you get all wound up over a simple joke that you obviously don't understand (after all, anonymous messages board posts are always deadly serious business), I wouldn't trust your judgment on anything. If you said it was night time, I'd go outside and look before I believed it.
"I learned charting from a friend who managed around 100 000 000 Million US dollars"
A hundred million million? Did that friend also teach you that a hundred million million is more money than exists in the entire world? Was he running some sort of intergalactic fund or something?
"if I was to buy 100 shares by March 20 they will pay me a divi dollar amount of 25 hundred dollars?? If so how long must you hold shares?"
To get the distribution, you need to be holding the stock at the open of trading on March 30, which is the ex-distribution date. That means you can buy it as late as the 27th (a Friday) and receive the distribution.
So then, why does the company say that the distribution will be paid to shareholders of record as of March 20? Because that's exactly who the company pays the distribution to. But any shareholder of record who sells their shares before the ex-date of the 30th will be required to forward the distribution to whoever they sold their shares to. That transfer is handled entirely by the brokerage houses; the company has no part in it. That'/s why it's entirely accurate for the company to say the distribution will be paid to shareholders of record as of the 20th.
Beginning on March 18 all shares of NATH will trade with due bills attached. Those due bills are what obligates the seller of NATH shares from March 18 through March 27 to forward the distribution to whoever they sold their shares to.
It is FINRA rule 11140 that governs big distributions like this and it can be found on the FINRA website at
"A special dividend and a regular dividend are essentially the same."
No, they're not. Regular dividends are usually (but not always) a payout of company profits. Special dividends can be a payout of profits but especially large ones like this one is not (though it may be partially so), so the tax ramifications are usually different.
"You are correct that if you are a shareholder as of March 20th, you will get the $25 per share dividend."
No, that is not correct. You have to be holding the stock as of the open of trading on March 30th to receive the dividend. Because of the size of this distribution the ex-date is after the record date, not before it as with normal dividends. It is the ex-date that decides who gets the distribution, not the record date. Just like every other distribution from every other company.
"But note that once that date passes [March 20], anticipate a steep decline in the share price."
No. The share price adjustment for the distribution will happen on March 30, the ex-date, not the day after the record date.
"They are paying an extra dividend of $0.36 in April, on top of the regular $0.54 early May."
No. The $0.36 is for two months of the quarter. They will not pay another $0.54 on top of that. The press release outright tells you that the $0.36 is for two months only: "The per share dividend amount payable by Omega is intended to represent dividends for February and March 2015, at a quarterly dividend rate of $0.54 per share of common stock."
The last $0.18, representing the third month on the quarter, will be paid at a later date, either to both the new and old shareholders from the acquired and existing companies, or, if the merger isn't yet complete, only to existing shareholders.
Prorated dividends like this are very common during acquisitions. Nothing new or special about it.