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Re: My face post# 3491

Tuesday, 07/14/2015 11:30:38 AM

Tuesday, July 14, 2015 11:30:38 AM

Post# of 9274
On July 14, each Netflix share will pay a one-time dividend consisting of six additional shares. Technically, you should hold shares at the close of July 2 in order to qualify for this event, but shares traded between those dates will automatically come with a due bill. That's an IOU that requires the seller to hand over the new split-based shares to the buyer as soon as they are created. All of this is handled by the brokers behind the scenes, so there's no way to sell your shares and hang on to the stock dividend.

Everyone who purchased after the 2nd does not qualify according to Motley Fool. I would trust that you will lose your value (divided by 7) and not get the extra shares

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