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Author Topic: Ex-div date
Jo4321
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Can you sell a stock during the pre-market on the Ex-dividend date and still get the divvy?

Or would that be considered selling prior to the ex-dividend date?

Just want to be sure before I put an order in tommorrow AM (ex-dividend date for GE is 9/20)

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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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

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"Great Day for Up!"....Dr. Seuss

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T e x
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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...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Jo4321
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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.

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metal1
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i would guess that premarket counts too. their response probably wasn't complete
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T e x
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lol, over-analysis...the ex-date is the date that's set. Put it this way: could you buy in pre-market on the ex-date and get the divvy?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Jo4321
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Hmmm, good point Tex. It wouldn't be likely that you could buy in pre-market and still get the divy.
Maybe Fidelity gave me a wrong answer.

Anyone want to ask his/her broker the same question?

I'd like to know for the future.

Jo

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T e x
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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...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
   

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