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Friday, December 15, 2006 9:05:18 AM
If the owner of record doesn't own the stock at the close today they must give the dividend back to their broker. It is called a "bill due" dividend. That "bill due" dividend is then sent to whoever owns his stock at the close on the 15th and paid on December 20 as a bill due dividend tradable on December 21!
Easy part again is if you were the owner of record on December 1 and own the stock on December 15 you will/should receive the divi before the open on Monday and it is a fully tradeable dividend , no restrictions!
See post 4700 and go to the link provided! JMHO!
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