newbie to ihub and idwd seeking advice
Hello everyone. I own 12500 shares of idwd(for about a week).
Due to the announcement of the special dividend idwd is experiencing sharp gains. It is my assumption that these gains are likely to continue, at least through the record date. Please everyone. Keep it down. Let me bask in the warmth and glory of my assumptions in peace.
Normally, I am primarily interested in the increased PPS of a stock. I do not know much about dividends and laws pertaining to them.
I've read postings on i-hub referring to SEC rule 144. Can someone please state how this pertains to me.
I know that to qualify for the divi, stockholders must be settled on their position by the designated record date. I'm already settled so I can put a check mark next to that.
Now somebody here mentioned that, based on SEC rule 144, the position would need to be held for 1 year to be eligable for the divi? Am I reading this correctly.
See, in my peabrain, I thought the divi would be paid to me shortly after the 17th and I could do as I wish with it(if cash-withdraw or reinvest or if stock sell or hold(although I understand it's supposed to be cash)). Also, I thought I would have the option to hold or sell the initial investment with no barring on the divi. Am I right, wrong, hot, cold?
Because I'm not extremely excited about being locked into something for a year(or more) I might have to change my strategy to selling prior to record date(given that my assumptions of a higher PPS are correct) and passing my shares and taking my(perceived) profits.
Also, everybody see's a sharp(downward?) correction in PPS coming after record date? That seems to be what I'm reading here.
Well that's enough typing for one post. I hope someone smarter than me replies and not just a bunch of pumpers and bashers. This board seems a little bit more refined than others.
I look forward to hearing from you all.
AI
