Eon Communications Corp. (EONC)

[nsomniyak]

A stock trades "ex-dividend" after the point when holders who get the dividend is determined. If you buy once it is "ex-dividend" you don't get the dividend.

So - my question is - did EONC drop from the 4s to the low 3s BECAUSE it went ex-dividend (which you would expect if there is a .53 or so dividend)? If not, you've got another .53 drop coming when it DOES go ex-dividend.

Here it is on Investopedia http://www.investopedia.com/terms/e/ex-dividend.asp

This is something you should know if you are trading or investing in a stock offering such a large special dividend.