"Nope. First of all, in a case of naked shorting there aren't any borrows. Therefore all legitimate shareholders will receive their divvy. The naked shorts wouldn't get a divvy in your scenario, because there'd be no record of their ownership.
Sorry.
The legitimate shareholders that had their shares hypothicated would indeed get their dividend, we agree.
The air shares were paid for by their buyers and these buyers have ticket confirmations. Those persons would be due the dividend too. The naked short would have to come up with the dividend.
News 
Market Data 
Discover 
AI
