Highriskhighreward: You know that you and your group bought BKMP right at a time when the divi was coming so that tells me the preferred will be worth something down the road. Question is now that you and your group got all these divies are you going to dump your common.
Does that mean that you will continue to buy at the ask after the EX-Date. lol I thought I would try. Based on one of the messages some think you are part of the buy-back. I guess we will find out some day.
HRHR...This is a stock dividend and ex-date is T-1 pay-date..."Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date)."