Look again. The way Bennett is selling at a huge loss he feels like this company is going broke. These people do not have faith in their own work.
Let's see how sharp you are. If a record day for a given dividend is Monday, when the x dividend day would be? Two working days, or two calendar days before?
today is not the last day to own the stock and get the dividend. The last day to own the stock was three days ago. It takes them 3 days for the company to find out if your shares are legit. It is like counting votes in Florida. The poles close three days ago but the votes are still counted until midnight today. Now that will confuse you more or what?
which it means my real cost is seven bucks since I do not pay taxes yet for my i.r.a.
The dividend wipes out almost the entire cash and book value of the company. Six months from now the stock will be down to 25. No company succeeds after a big give away like that. From the other hand if they take all that cash and pay off the debt the company will double. Some big holder is choking the company.
You are right. I was wrong I thought the dividend was more than 25%. The rule says any dividends more than 25% has an x-dividend the day after distribution.
Do not sell the stock the day of the x-dividend. Do not sell the stock unless the dividend is paid in your account. Any dividend over 10% does not follow the normal x-dividend rule. There are lots for crooks waiting out there to steal your dividend. The real x day will be way past the day of record owning the stock.
I suggest read the rules for over special dividends. You will thank me
or maybe to $7.50. Things do not look good now. Oil at 48 and drop in production spells bad news.
Oh boy lucky I sold at 13.25.
You are not the only one. My 42 years of savings, capital gains and dividend distributions are gone in two months. 80% invested in small cap energy and services stocks. To make the matter worse my grandkids coming home with pink slips from various energy jobs. Oh well. I hope I live another 70 years more to recover my losses. Too chicken to jump off the bridge.