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Re: scaryharrysafari post# 2273

Friday, 08/14/2020 9:01:18 AM

Friday, August 14, 2020 9:01:18 AM

Post# of 2301
I did a little research and the person who shorted a stock needs to pay the dividend to the broker if they were short the stock on the ex-dividend date. That is because the stock usually drops the following day by approximately the amount of the dividend so it becomes a wash for the short seller so they don’t gain from the drop due to the dividend phenomena.
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