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Re: Beasy324 post# 20370

Sunday, 09/18/2011 1:23:17 PM

Sunday, September 18, 2011 1:23:17 PM

Post# of 28290
I believe you would have had to purchase the stock by September 12 to be considereded an owner of record on September 15 as it takes 3 days to settle.

September 13 would be the ex-dividend date -- the first day that purchases would not be eligible for the dividend.

Unfortunately many people may not have understood this and bought on 9/13-15/11 thinking they would get the dividend. PGIE did a lousy job of announcing the dividend and apparently didn't notify FINRA.