Northern Tier Energy LP (NTI)

[pete807]

Actually, you do need to buy 3 days before the stated ex dividend date as that is what the settlement means. It takes three days for you to own the stock and thereby receive the distribution. So you can buy as late as next Monday and own on Thursday the 22nd, if your plan is to get the .68 distribution. It actually goes ex on Tuesday, the 20th. Key words here are "holders of record" If you buy on the 21st you won't own it in time.

The Board of Directors of Northern Tier Energy GP LLC, the general partner of Northern Tier Energy LP, has approved a second quarter distribution of $0.68 per unit that will be paid in cash on August 29, 2013 to common unit holders of record as of the close of business on August 22, 2013. Cash available for distribution totaled approximately $63 million for the second quarter of 2013.

You have to buy on or before August 19th to be a holder of record (3 days to settle the trade). I would advise folks to buy on that Tuesday, early morning, as dividend stocks often go below the amount automatically deducted by the payout amount, right on ex date, in this case Mondays close less .68. Then it will rise and head toward or above the pre Secondary Offering price of $22.85. Sooner or later this one is $30??? GLTA!