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Re: johncee post# 7612

Tuesday, 12/12/2006 9:20:27 AM

Tuesday, December 12, 2006 9:20:27 AM

Post# of 49486
The 16th is Saturday and my understanding is if you were the owner of record and own it on the 15th it shows up after the close on the 15th and is tradeable on Monday December 18. Payment date of the divi is December 15th. Bill due date is December 20.

The ex divi date is December 18th. The stock freely trades without the divi on that date. Normally the share price adjusts at the open on the 18th to reflect the additional shares.