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pennies_101

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pennies_101

Re: Kinwoep post# 343

Friday, 04/20/2007 9:06:53 AM

Friday, April 20, 2007 9:06:53 AM

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Kinwoep,
You have to buy shares the day before the ex-dividend date... since May 7th is a Monday, that means you have to purchase them on Friday, May 4th to get the shares. It just so happens that this is the payment date as well, so if you buy them at any time on May 4th, you will receive the dividend... if you buy MRKL on May 7th, you will not receive the dividend.

http://www.sec.gov/answers/dividen.htm
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