You have to be in the stock the day before x day, the x day is when the div gets subtracted from the stock price, like it pays a dollar a share let's say. The stock will drop 1 dollar that morning on x day. You now have the div. but won't really see it in your account until the pay date, usually a few weeks after the x day. When the stock recovers the dollar lost, then you make a profit. If it does not recover from the dollar drop, you break even. It if falls more than a dollar, you lose money. Make sense?
Glad I did not sell!
Sentiment: Strong Buy
He did an article recently promoting this fund, but I follow him, he is bright and knows alot but has been dead wrong on direction of the REITS and FUNDS, ouch!
Seeking Alpha Article
What are you talking about 13? This is not a stock but a fund. Why would it go to 13? Don't make these comments unless you back it up!
I called Cornerstone and they said they do not know of any process that would change the share price other than market fluctuations? I am calling another number now to see if I can get an answer? Anyone have any idea when this or will this happen in Dec?
Does this mean the stock will drop 1.31 like most do when they pay the div? Or does it not drop for the special payout and only the normal payout of the .31?
And further more I wonder how you would feel some day when some nut job terrorist walks into a place where you and your family are and start to shoot the place up, you have nothing to defend yourself with, you all die or worse yet, they die and you get to watch, start thinking.
Tell me you are kidding? With all these problems we have in this country and the world, I always wonder where people like you come from? I have many friends and none of them talk like this. Where do you come from another planet? How do you think getting rid of guns from the honest people will do anything but keep the honest people defenseless? Please think things through before you say anything, people like you need to think. Criminals will always have guns, you can never take them away from them, get that? Do you get that? You can even make your own gun if you want to. How is taking the guns away from honest people doing anyting except making us targets? Think, I know it's hard for you!