InvestorsHub Logo
Followers 20
Posts 775
Boards Moderated 0
Alias Born 02/21/2012

Re: gmatt600 post# 10122

Tuesday, 01/07/2014 6:11:31 PM

Tuesday, January 07, 2014 6:11:31 PM

Post# of 37358
It really doesn't matter which shares were which. Think of each share that existed as of the record date as having a voucher "good for one dividend" attached to it. So you got a voucher on the record date for the shares you owned then, and you got a voucher today when you bought shares, and then had the voucher taken away when you sold the shares. If FINRA does not approve the dividend your voucher is worthless.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.