InvestorsHub Logo
Followers 33
Posts 4781
Boards Moderated 2
Alias Born 05/01/2012

Re: Scotttrader80 post# 80

Friday, 09/29/2017 2:03:51 PM

Friday, September 29, 2017 2:03:51 PM

Post# of 1394
OK I got the picture now you have to be a holder of record as of October 5th to be entitled to the dividend which leaves today and Monday to buy, but if you buy between record date and X date you are buying the stock with a DUE bill attached so the seller would have to pay the buyer the dividend. Just like a stock split with attached Due bill.

This explains the current rapid run up. Since I had such a great month I am rolling the dice just went in for 1000 shares so it will be interesting to see what the stock does between now and Xdate?

I don't think it will run up another dollar so I will be looking to unload with the run up most likely. Don't have much experience with such a special div so will be watching it close. It is only three weeks to pay day so will be a fun ride one way or the other!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.