"You can buy the stock on Dec. 30 and get the dividend"
How can you get the div for stock bought on the payable date, which is 12/30? I'm pretty sure you'd need to own it by the 30th - 3 days, meaning 12/26 because of the weekend. Here's a long explanation that may explain things:
There are two categories of cash dividends recognized by the exchanges, the difference being the relative size of the distribution. Normal dividends are those that amount to less than 25% of a company's stock price. Normal dividends represent over 99% of all dividends paid, and as a result are the only ones most stock investors are familiar with. Dividends of 25% or more of a company's stock price represent a fraction of one percent of all dividends paid and are handled quite differently from normal dividends.
There are four dates related to the payment of a dividend/distribution, and without an understanding of each, the process can be very confusing. The four dates are:
1. Declaration Date
This is the date the company declares the dividend.
2. Record Date
This is the day a buyer of a stock becomes the registered owner; also called the Owner of Record. The buyer of a stock must be on the company's books as the Owner of Record to receive a normal dividend. The company itself sets this date. Because of the T+3 settlement rule, stock trades must be settled in three business days, meaning that to be an Owner of Record, a buyer of the stock must buy the stock three business days before the record date.
Contrary to a common misperception, the record date does not always determine which investor (the buyer or the seller) gets the dividend. It is true that with normal dividends the record date determines the ex-dividend date but that is not true for dividends of 25% or more of a company's stock price. Therefore, while
Nope. Look at every bio with approvals in the last year or two - every single one spiked on approval then crashed on profit taking - POZN won't be any different - traders and HFT machines dominate the market now.
Back to green in POZN for the first time since 2010!?! Unfortunately mostly because of dumb divvy chasers who don't realize they'll be losing that $1.75/shr in the pps come the end of the year.....dunno about the rest of you, but I'm taking the cash - too much of it to reinvest as I already hold more POZN than is wise for an IRA. Now if we get a 2014 BO, 7-8 yrs of waiting will finally pay off!