Hi , I can help, if you buy shares today meaning oct 6th, you would be past the oct 5th x date, the last date you can buy and still get a dividend on pay out date oct 15th. You wouldn't get a dividend in oct thru buying on oct 6th. However buying on Oct 6th and holding the shares until November's x-date and or after will get you Novembers dividend on its payout date ,likely November 15th 2015./
That is true , prior to the Council of Trent, The Roman empire;s solders were ordered to kill anyone showing Christian beliefs as the Romans were polytheist. Monotheist were breaking the Roman law and sentenced to death. I suspect after over 300 years of Christ being dead, the Roman ruler saw no more benefit to Rome killing Christians so he legalized Christianity with the Council of Trent. He told the public he experienced a religious miracle . That was his out to allow monotheism to be legal. The word catholicism mean"" Universal and for all" That allowed the Roman people to leave beliefs in many gods , and belief in one god.Gradually the old polytheism declined .
Why would hore "have to do to keep ones job".Whats he going to do ?Fire himself. Guess you didn't know he owns the company and just traded 9 and 1/2 million shares to his pocket. has over 3)10 % partners ,one his daughter, the other his son in law and a nephew. They all dance to his tune. Go ahead put lots of money into his pocket. He likes to play rigged fund with your money. Get out , sell off, get into a fund with a level playing field
Sounds like a new investor looking for a safe fund paying under 10%. Ncz was the best untill last june. I know of nothing paying monthly at this time that is not subject to a possible dividend cut. All went down starting in june 015. Igad has its flaws but it has held to ,o76 while other fund took a cut this year. Igd had near a billion to work with. Not sure about its nav now. What funds would you recomend to maryinv12
Usually the x date and thereafter is when the stock price can drop . The price drops because the x date is the first day persons can sell and still collect the months pay out. Selling volume goes up and share price comes down. This is not automatic as market buying can and does make up for the x-date selling. Define x-date= The first day the security trades without a previously declared dividend or distribution. The drop in price is just incidental to the x date .
The settlement period is 3 days but when a person buys 2 days before the x-date and the shares increase 6 fold , he can sell them and forget the dividend and collect the 6 fold. If the person buys 3 days before the x date he can sell it on the x date and be qualified to get the dividend plus what ever the stock made. If a person sells on the x date before the 3 day period elapses, The sec can invoke rule K I believe calling it a free ride . He still get the dividend because he bought it before the x-date and sold it on the day the stock trades without a dividend to any more new buyers . This is the definition of the x-date, the first date the security trades without allowing new buyers to capture that months dividend. The That stuff about not getting a divided before the 3 days are up is partially true because it invoke the SEC's K rule . If a person trade 3 times in one year with unsettled funds , the sec will suspend that guy from trading for a year. Today I had 600 bucks made and the SETTLED funds date was oct 5th 2015. I choose to take a black mark and sell them on friday. But if I played by the rules as you are pointing out, I had to wait till monday and then sell on the 0ct 6th x date. The x date is the first day you can sell after buying them 3 days or more prior. The record date has no bearing on when you can sell . Above all a person must be invested before the x date . Any buys made during or after the x date dis allows a person from collecting this months dividend forcing them to wait another month to collect the next dividend. I know I am going to get a lot of controversy .
Thanks Chegerar, After owning all income funds like ncv ,ncz, mutual fund gaucx, Igd, IId, its been a loosing streak for me since the market took a dive starting around may-June. Gaucx was the worst as it paid 18% at one point but never got back its share prices once it dropped. I sold all 3000 shares at a 20 cent gain . I too am looking at oil to recoup my losses . I intend to learn . Have you ever heard of bbeep pays a .17 ct dividend monthy. That isI sold arp, not gaucx at a 20ct gain,
CORRECTION, It was 6.46 , not 3.46 I sold out OAKS. It had gone to 6.88-6.90. I wanted to keep it for the pay out but its not a keeper at this time
Thanks for the information , Bv is like the nav to funds. Learned something new . I sold out arp today. Divi x date is 10/6/2015 . Suspect people will hang on to it until the 6th so if my educated guess is correct, it should stay around 2.97. Oaks hasn't been treating you people well and I hope for your sake it turns around .
Hi Chegerar,I purchased 3000 shares just for the up comming divided but in the mean time arp went up near a 600.oo increase over my cost.I would guess that most persons will hold onto it untill the x date so it shouldn't drop too much or none at all. But being as unpredictable as it is do you remember if it hold price well before the x date from your experience. . Your reply is appreciated.