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Re: November61 post# 40734

Wednesday, 05/02/2007 1:17:22 PM

Wednesday, May 02, 2007 1:17:22 PM

Post# of 63795
November

If I sell before the ex divy date, I'm selling the right to the divy..the buyer is getting the right to the divy.

We will know in a few days lol.


"If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares."