posted
If you didn't buy March 29, you are already too late. It takes three days to settle, and you'll be lucky if your trade settles in less days. You'll also need to hold it til April 11. Then the price of the stock will plummet to compensate for the dividend; I'm not so sure it's so great a deal, holding a stock for two weeks and then ending up with about the same amount you started with.
I'm thinking it might be better to buy once it drops and catch the rebound, if any. Then again, I might be wrong.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
The PPS will drop by 12.50 as well. At least that's what happened when Microsoft issued their one-time dividend payout.
Posts: 1421 | From: USA | Registered: Dec 2004
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posted
You are right on the money Thorn. It's really a break even deal. However, Microsoft continues to drop since the one-time dividend payout. There's no get rich quick scheme here.
Posts: 1421 | From: USA | Registered: Dec 2004
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"To receive the dividend, you must own the shares at the close of trading on April 8th. If you sell the shares on April 8, you do not get the dividend. On Monday, April 11, the opening stock price will be adjusted down by the dividend amount of $12.50. per share."
It's funny that none of the PRs ever said anything about the share price being adjusted. I guess that is what DD is for.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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