I'll probably buy on the 10th, assuming it drops that day when confused people sell.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
hey everyone ... I'm relatively new to investing and want to have a better understanding about how long to hold on to the shares to get the dividend and when can i buy the shares ?
1. from what i read in the so far in this thread ... i dont need to buy the shares before the record date ... i can buy the shares after the record date but before the Ex-dividend date and i still get the dividend assuming that i have hold on to the shares till the Ex-dividend date
2. No matter when i buy the shares i.e. before or after the record date i need to hold on to the shares till the Ex-dividend date (this question is just to make sure)
thanks a lot in advance !!
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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quote:Originally posted by netguy81: hey everyone ... I'm relatively new to investing and want to have a better understanding about how long to hold on to the shares to get the dividend and when can i buy the shares ?
1. from what i read in the so far in this thread ... i dont need to buy the shares before the record date ... i can buy the shares after the record date but before the Ex-dividend date and i still get the dividend assuming that i have hold on to the shares till the Ex-dividend date
2. No matter when i buy the shares i.e. before or after the record date i need to hold on to the shares till the Ex-dividend date (this question is just to make sure)
thanks a lot in advance !!
Very good understanding of the material that has been provided Grasshopper.
Yes buy before Ex-Dividend date and sell on Ex-Dividend date to get Divy. Personally, I believe that a few days after the Ex-Divy date the stock PPS will go up but I could be wrong. Time will tell but the company will continue to have value after the Dividend is paid.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
thanks wally for replying and making sure that i understood it correctly !! .... and now i'm going to try to figure out, how i can rate a member !!
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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posted
in this case yes, you can buy after the record date but before the ex-date and still the the div. normally no
quote:Originally posted by wallymac:
quote:Originally posted by netguy81: hey everyone ... I'm relatively new to investing and want to have a better understanding about how long to hold on to the shares to get the dividend and when can i buy the shares ?
1. from what i read in the so far in this thread ... i dont need to buy the shares before the record date ... i can buy the shares after the record date but before the Ex-dividend date and i still get the dividend assuming that i have hold on to the shares till the Ex-dividend date
2. No matter when i buy the shares i.e. before or after the record date i need to hold on to the shares till the Ex-dividend date (this question is just to make sure)
thanks a lot in advance !!
Very good understanding of the material that has been provided Grasshopper.
Yes buy before Ex-Dividend date and sell on Ex-Dividend date to get Divy. Personally, I believe that a few days after the Ex-Divy date the stock PPS will go up but I could be wrong. Time will tell but the company will continue to have value after the Dividend is paid.
posted
Zunicom Announces Change in Cash Dividend Payment Date to March 26, 2007 Wednesday March 7, 9:00 am ET
DALLAS--(BUSINESS WIRE)--Zunicom, Inc. (OTCBB: ZNCM.OB - News), announced on February 24, 2007 an eighty cents ($0.80) per share cash dividend on its issued and outstanding shares of common stock payable to shareholders of record as of March 9, 2007. The announced payment date was mistakenly set for March 24, 2007, a Saturday. Because dividend payments cannot be processed on a Saturday, Zunicom has changed the payment date to Monday, March 26, 2007.
About Zunicom, Inc.
Zunicom, Inc. (www.zunicom.com) through its wholly owned subsidiary, AlphaNet Hospitality Systems, Inc. (www.alphanet.net), provides business communication services to the hospitality industry. Zunicom owns 2,000,000 shares of the common stock of Universal Power Group, Inc. (Amex-UPG) that represents 40% of the issued and outstanding shares of UPG common stock as of this date.
Forward Looking Statement Disclaimer
This release contains a number of forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Contact: Zunicom, Inc. Carl A. Generes 214-352-8674 fax: 972-715-5700 cgeneres*genereslaw.com
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Hey guys. Today's the day to get in this. Just as predicted, the record date has come and gone and peope are selling thinking they're still getting their dividend. It's on sale big time here.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Well, ZNCM just "clarified" the dates. Looks like everyone who sodl yesterday is gonna be pissed. People already seem to be starting to buy back in to get the dividend. Hope some of you got in yesterday or this morning. Up over 10% since yesterday's bottom and rising.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Zunicom Announces Clarification on Dividend: Stock Will Trade ''Ex-Dividend'' Beginning March 27, 2007 10:12 AM ET - BusinessWire
Zunicom, Inc. (OTCBB:ZNCM) announced today that, in accordance with NASD rules, its stock will trade "ex-dividend" beginning March 27, 2007. Thus, purchasers of Zunicom common stock on the OTC Bulletin Board on or before the payment date will be entitled to receipt of the dividend and persons who sell Zunicom shares on the OTC Bulletin Board after the record date but on or before the payment date will not be entitled to receipt of the dividend.
Zunicom had previously announced that its Board of Directors had declared a dividend of $0.80 per common share payable on March 26, 2007 to shareholders of record as of March 9, 2007. Since the dividend exceeds 25% of the value of a share of Zunicom common stock, under applicable NASD rules, the first "ex-dividend" date will be the first business day following the payment date.
About Zunicom, Inc.
Zunicom, Inc. (www.zunicom.com) through its wholly owned subsidiary, AlphaNet Hospitality Systems, Inc. (www.alphanet.net), provides business communication services to the hospitality industry. Zunicom owns 2,000,000 shares of the common stock of Universal Power Group, Inc. (AMEX:UPG) that represents 40% of the issued and outstanding shares of UPG common stock as of this date.
Forward-Looking Statement Disclaimer
This release contains a number of forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
SOURCE: Zunicom, Inc. Zunicom, Inc. Carl A. Generes, 214-352-8674 972-715-5700 fax cgeneres*genereslaw.com
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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posted
Up to 1.77 today. Next Tuesday is the ex-date, so there's still time to buy and get he dividend. I expect it to rise steadily until then. then, if recent similar situations are any indicator, it will tend back north once it resets for the dividend. I'm still expecting a decent return from here.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
You can sell the stock today if you want... Tomorrow is the ex-dividend date, so you can sell at the open tomorrow and get the dividend.
just so you know though, there's still a play here, in that in every case of a large special dividend that I've seen, the price tends to creep north after the dividend is paid.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: You can sell the stock today if you want... Tomorrow is the ex-dividend date, so you can sell at the open tomorrow and get the dividend.
just so you know though, there's still a play here, in that in every case of a large special dividend that I've seen, the price tends to creep north after the dividend is paid.
that is quite true ... and i dont intend to sell all my ZNCM shares ... but i just wanted to be aware of the dates etc ... that is when can i sell and not loose my dividend ... i would hate to miss the date by a day and loose the dividend ...
thanks for the info ...
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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posted
My guess is that it won't. In the other "special dividend" cases that I've seen, the price regains a nice chunk of the dividend, it just takes some time.
WTMK went from .14 with a .07 dividend to actually OVER .14 post-dividend.
NEGI was $6.30 with a $3.31 dividend, and then went from $3.00 up to $5.40 or so the otehr day.
HMA when from $20 with a $10 dividend to around $11.25
So HMA was the "worst", and it still went up over 10% after the dividend.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
have seen one trader--with Ameritrade--reporting that his has shown up... Call your broker and ask when they expect delivery.
btw, metal: Always go by the ex-date--companies and even brokers screw this up all the time. Occasionally you'll see something trade with no ex (usually goofy restricted shares), in which case the record dates *becomes* the ex-date... Also, some folks have problems with the three-day thing when using unsettled funds...
posted
ok my bad ... i got the dividend but only half of it .. it seems like i only got the dividend for those shares i was holding before the record date ... i didnt get the dividend for the shares i was bought after the record date i.e. march 8'th or 9'th
i need to call them fight for my dividend !!
sorry to confuse everyone here ... did anyone experience a similar issue !!
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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posted
You shouldn't have to fight, I'd be shocked if it wasn't in there in a couple of days.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
My account shows that I'm up the divy amount for the day, but the cash isn't actually in my account yet. Hopefully they square this away soon.
Posts: 629 | From: Boston | Registered: Jan 2006
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posted
sorry folks ... "fight" was an extreme word ... i didnt really mean to fight !!
i did call them up and they realized that i had bought the shares without the divy value being adjusted ... they told me that they need to get in touch with there back office and will get back to me by the end of the today ...
its just a matter of cpl of days till i get my whole divy ...
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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quote:Originally posted by netguy81: sorry folks ... "fight" was an extreme word ... i didnt really mean to fight !!
i did call them up and they realized that i had bought the shares without the divy value being adjusted ... they told me that they need to get in touch with there back office and will get back to me by the end of the today ...
its just a matter of cpl of days till i get my whole divy ...
lol, not necessarily...sometimes I have quite a battle before I get shares on round-up plays...
posted
well, looks like they just added my cash. Divy paid, now I'd like to see the stock head north a bit so that I can actually make some money on this.
-------------------- trashed and scattered again Posts: 629 | From: Boston | Registered: Jan 2006
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posted
just got a call from scottrade and they agreed that there was some confusion and manual work involved to calculate etc ... since the stock was bought after the record date and within 15 minutes, i see all the cash in my account !!
now lets hope that the stock heads up north in the next cpl of days ...
-------------------- Market Correction - The value of the stock always decreases after i buy it Posts: 317 | Registered: Feb 2007
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