You buy a one share of stock for $10.00
They declare a $1.00 divy and distribute
The stock drops $1.00
Your value is still $10.00 but now you have to report the $1.00 divy as income. In my case I'll pay at least 30% in taxes so I now have $9.70
Doesn't always work that way and sometimes the stock will drop more than the divy on XD date.
lawtell
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