posted
Well, I decided to ask Fidelity and here is the answer:
On the ex-dividend date, the exchange reduces the price of the stock by the amount of the dividend at the beginning of the trading session. So, you will want to wait until after the market opens at 9:30 a.m. ET before you submit your sell order
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Jo, day before ex-date is last chance to buy and still qualify for divvy. Once ex-date hits, the due bills are no longer attached, so you may sell away...
posted
Right, I knew that. But I was asking when they consider the EX-Div date to start. And apparently, it is when NORMAL trading starts, not in premarket.
I decided to keep GE anyhow. It pretty much only dropped the amount of the divvy and it's been doing well lately and chart looks good.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
you'd wanna ask someone knowledgeable in reorg, not the kids on the customer-service desk...eg, I just now had one tell me I'm due only 10 round-up shares on a stock for which I'm due 100. lol, while I was talking to him, I sold another one, having received 100 shares after buying 10 in a similar round-up... poor kids get so confused...