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FatFatCat

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FatFatCat

Re: Darth Trader4 post# 26485

Thursday, 12/28/2006 4:22:08 PM

Thursday, December 28, 2006 4:22:08 PM

Post# of 38584

If you bought EQBM around the divi cutoff, your eqbm stock might not have settled in time.

I have the same problem with Ameritrade...I bought 370000 shares of EQBM to round out my holdings to an even 2M, but I bought it on or around Nov. 29th, and the purchase didn't settle until Dec. 3rd, after the divi cutoff. I did not get the divi for the 370000 that didn't settle.

I wasn't aware the settlement period affected dividends, but it is apparently commonplace. If anyone knows differently please speak up!


"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."
-- Thomas Jefferson

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Volume:
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  • 1M
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  • 6M
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  • 5Y
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