Wise Investments

[Scrooge McDuck]

Linchuck, I must have had dozens of conversations about the "last day" to buy in when there is a dividend or split.

An 8% stock dividend will be paid to shareholders who are shareholders-of-record at the close of trading on Aug 7 and is payable on or before Aug 21.
This amounts to the same thing as one free share for every 12.5 you hold.

The confusion usually comes because a "dividend" is usually cash and there is a announce-date, a DOR,(date of record), and a pay-date.
Add to that the three-day delivery rule and you have a lot of confusion.

In this case, if you own stock on the 7th, even if you bought it that day, you should qualify for the dividend.
The DOR is Aug 7 and the pay date is Aug 21.....plenty of room in there for delivery.....:)

IMO, this may well run to the 7th.....