Newbies don't listen to the pumpers, they don't know what they are talking about.
Straight from the SEC website:
"Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend." http://www.sec.gov/answers/dividen.htm
That means if you don't own the stock right now, you are not getting any dividend. You had to buy prior to the close today.
Incase you are wondering when to get your shares, I called etrade today and they said pay date is the 31st and the shares should be in accounts by then. Sometime between now and then we will learn what the new symbol for the preferred shares are.
chevyrider: Can u throw some numbers to explain the divy better...
Stock Div. payable in another company??? which one?
+1000 shares of Pearl Asian Mining Industries Inc (WY) Preferred Stock for each share held - is there any limitations on preferred stock? can we sell it immediately after it gets in to our account?
The only way to get the dividend is to own the stock at this very moment. Go check the SEC website
Straight from the SEC website:
"Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend." http://www.sec.gov/answers/dividen.htm