Please read the 7-31-2014 news under the stock ticker HCP. It says you must own this stock on the close of business 8-11-2014. You had to buy on the 6th for a settlement date of 8-11-2014. Read "HCP declares div", Regardless the $1,100 profit still holds true. Do you disagree?
No it's not meaningless. The ex div date was 8-11. You had to buy on the 6th in order to own at the close of business on the 11th. If you bought 1000 shares on the 6th for $41.10 your div. would be $545.00 paid in your acct by the 27th. If you sold those 1000 shares today at $41.69 your profit is $590.00 less $14.00 for the commission if you have a Scottrade acct. You still get the dividend to boot of $545.00 because you sold after the ex date. Now you have over $1,100.00 profit which is double the div. without the risk of the stock falling back off. I will buy this stock again when it gets back to $41.00 a share.
That means dividend reinvestment program. I have Scottrade and nothing has shown up in my acct. yet. Probably tomorrow since it was due today and will be posted by then.
I've been hearing about the Fed tightening for over a year now and so far interest rates are still low. The economy is not recovering and the banks are still having problems. Gold is stagnant and unemployment is still above levels not desirable. I'll take that dividend for years and it will cover the slight reduction in share price. It just depends on what price you get in at. I bought MFA and TWO and sold because the dividends put in in a positive gain for a nice profit. I have always liked HCP and have watched it for years. I am on my 5th purchase; capture a dividend or two and sell some but keep my original investment for quarterly cash. It's a good player. Good luck to you zunk; just another way to play these REITS for me.
There were two stock splits also (2 for one) and (3 for one) since then so the dividends alone would be over $17,680.00 in 17 years if you held 1,000 shares.
and so I did today. Will play this again if it drops back off. Remember the secondary offering was at $5.50 so they still need to break even.
You were wrong and they beat on earnings today. Up after hrs. and heading higher. I think all REITS will gain especially HCP since ex div is Monday if you buy by tomorrow. Need to own by Monday.
In April the acquisition price to management was $7.54 a share according to insider trading. This is such a scam, they will B-S the profit margins to run the stock up so they can all make money again regardless of the true bottom line. For that reason; I am in again. Just want the bull to continue so I can get out with some profit.
You are right. Just need to hold before and a couple of days after the ex div. I sold one too fast even though I bought before the ex div. Sometimes takes 3 days to execute and I lost the div.