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Author Topic: 33% Dividend yield!
stocktrader22
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Why does the NRCNA press release, and the broker have different information, can you verify the day we have to buy to get the dividend?
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Just edited my above post.
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Monopoly Money
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thanks L cypher i shall consider dumping some money into this stock to see what happens... appreciate the input

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in the end money is worth as much as monopoly money


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L Cypher
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quote:
Originally posted by Monopoly Money:
thanks L cypher i shall consider dumping some money into this stock to see what happens... appreciate the input


No problem. BTW I bought some of this last week a little after the dividend PR.
95% of the purchases that day went through above .77 cents. About half of those above .85 cents. So it should have good support at those afterwards.

Also the stock is a bit overbought but these things often run on the ex-dividend date. The 50dma and 200dma crossed over recently too. This is a very bullish signal.
http://stockcharts.com/def/servlet/SC.web?c=NRCNA,uu[h,a]daclniay[db][pc50!c200!f][vc60][i]&pref=G

I bought more today. Easy 33% or more IMO. GLTA

_____

Lou



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Monopoly Money
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okay i want to be absolutely clear on this because im slow.... i can purchase shares on monday the 29th and still be in in time for the december 1st dividend payout right? or am i ready this past 10 posts wrong?

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in the end money is worth as much as monopoly money


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For some bizarre reason, Scottrade says they see an ex-dividend date of 12/2. Read this from the SEC, and particularly the part in bold. This is the confusing thing...I'm almost suspecting Northland fudged up and told the exchange they were issuing a stock dividend...or whoever the person was that day at the exchange fudged up, and marked Northland's dividend as a STOCK DIVIDEND.
http://www.sec.gov/answers/dividen.htm

"x-Dividend Dates:
When Are You Entitled to Stock and Cash Dividends

Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."

When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

Here is an example:

Declaration Date Ex-Dividend Date Record Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004

On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.

In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.

With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.

Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

If you have questions about specific dividends, you should consult with your financial advisor. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder.


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In other words, this is why my Scottrade broker told me it was a stock dividend we're getting.

I dunno..if this was a stock dividend, I wouldnt see any problem with the ex-div date being AFTER the pay date, which is Dec 1st, because that apparently is the procedure.

[This message has been edited by Phoenixx (edited November 23, 2004).]


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Alright, I just called Northland's IR lady and spoke with her...she confirmed the ex-div date was Dec 2nd..she really couldnt explain the discrepancy.. then she referred me to an 800 number and I talked with a guy named Tom Cahill (from First Union Securities I think it was) who said as long as you own it by the 26th, you're all set. Anything after that and you are screwed.

Someone has to be wrong here. The PR does state the 26th so I'm guessing it may be correct after all. I give up. I already sold the stock anyway to buy SGLI. One thing I learned about these cash dividends though: the exchanges, NOT MASSIVE SELLING, is what actually lowers the stock price down. Because the value of the company is lost with a cash dividend, the exchanges literally set the price at exactly the amount of the cash dividend lower. (This is why Microsoft was approximately 27 bucks after their dividend payout.) So basically once this goes through the stock will be 33 cents lower. Not saying it wont climb again, but..

Anyway if you want to talk to these people, be my guest. I'd advise talking to your broker as well. I'm done thinking about this all...GLTA. Here's the numbers:

Northland Cranberries: (715) 424-4444

Tom Cahill (First Union Securities?): (800) 243-7540

Simone Harris (312) 588-4991 extension 4730

[This message has been edited by Phoenixx (edited November 23, 2004).]


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stocktrader22
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Im giving this a shot, I got in for 3k worth at .95...Im hoping for it to run to $1.10 before the dividend
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stocktrader22
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I am getting killed now with this one, still have to hold until december 2nd to get my dividend, why is this down at .79 today from .95...wow, maybe it is uninformed traders who though since they owned the stock yesterday they could sell and still get their dividend on december 1st
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Monopoly Money
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told ya

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in the end money is worth as much as monopoly money


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stocktrader22
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ya you did monopoly, all I need it to do though is on december 3rd, be at .62 to break even since I bought at .95
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Monopoly Money
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well man i hope you at least make a little money on it..... *crosses fingers*

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in the end money is worth as much as monopoly money


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stocktrader22
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Look at the news after the bell.
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stocktrader22
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dividend payout was supposed to be today, anyone know if it is by mail or if it goes right into your account such as scottrade.
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stocktrader22
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got the dividend, and now its moving....

quoted from a guy from ragingbull...
I took the dividend and bought more shares. Ocean Spray paid a $5 Million fee for an option. My guess is that they do not intend for the $5 million to be wasted.

"In addition, Ocean Spray paid to Northland a $5.0 million fee in exchange for a 180-day option to purchase up to 14 individual cranberry properties for an additional aggregate cash payment of $42.5 million plus certain adjustments at the date of purchase. Northland's Meadow Valley, Associates West and Three Lakes cranberry properties are not subject to the option."

Appears Sun intends to liquidate the assets for cash. Give themselves the cash through dividends. After assets are liquidated, I would expect them to sell the Northland name, etc. which would include grocery store space. OR they are selling off assets to pay off all debt then profit from retail sales and low overhead. All IMO.


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