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Replies to #84 on insane dividends
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geeps20

02/05/07 5:32 PM

#85 RE: wzebra33 #84

Thanks..this is the key



"For cash dividends, stock dividends/splits, and distributions less than 25% of the shares outstanding, the ex-date is two business days before the record date. For other distributions, the ex-date is the first business day after the payable date."


so, for a large stock divy, ex divy date is set after payable date...meaning you have to hold your shares until pay date to get the divy.

correct?

Could being a pink sheet stock change things as well..meaning not having to follow normal NASDAQ rules?