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Re: rech1 post# 8505

Friday, 12/15/2006 9:05:18 AM

Friday, December 15, 2006 9:05:18 AM

Post# of 49486
Rech1; that is a good question and why there is some confusion. The owners of record on December 1 get the dividend today after the close! Easy enough there. Now the tough part!

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!