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Re: PowerPole post# 4660

Thursday, 11/30/2006 6:45:44 PM

Thursday, November 30, 2006 6:45:44 PM

Post# of 49486
You will enjoy this. Scottrade called their dividend division while I was at one of their offices. They stated that the ex date is the most important. That if you owned shares at the close on December 15th that you would get the dividend. I said that made no sense! They confirmed it, I was standing right next to the guy during the conversation. He did say to call the company. I did that yesterday and no one has gotten back to me!

Now it was my belief that you needed to buy the stock on Tuesday and own it at the close to be the owner of record on December 1. T + 3. Then the question is can I sell it on December 4th and still get the dividend on December 15th. Don't know that at this time!

I have read all of the back and forth on dividends on this site. I didn't buy for the divi but will gladly take it. So I am really happy to have staightened this out for all!
Binzur