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A person could have purchased this right up

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leftovers   Sunday, 02/02/20 08:12:40 AM
Re: not one red cent ~NORC~ post# 6
Post # of 81 
A person could have purchased this right up until Friday the 31st and still received the dividend. It has a Due bill attached so the seller would be held responsible to transfer the dividend to the buyer.

Monday Xdate Feb 3 is when you can sell your shares and still keep the dividend but the stock will open 12 dollars lower at the open.

When a stock dividend is in excess of 25% it follows these due bill rules with Xdate after pay date for the market to adjust and avoid a margin call or stops being taken out.

It will be interesting to see how trading goes tomorrow!

Cheers

---The Happy Trader
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