"... So I guess it's not really that unheard of."
I was speaking based on my personal experience only. 10 of the 11 stocks that I hold pay REGULAR dividends. All 10 of those payments result in credits to my account with the dividend on the payment date announced when the dividend is declared...NOT a day or two or three or four later.
The FINRA rules require a company to provide 10 days notice to FINRA prior to declaring the dividend to its shareholders. This is the report of the EIGH dividend as it appears on the otcbb.com website:
EIGH - 8000 Inc Common
Declaration Date:9/16/2010
Ex Date:9/28/2010
Record Date:9/30/2010
Payment Date:10/15/2010
Dividend Type:Spl
Cash Dividend
Dividend Amount:0.005
Is the definition of "payment date" different for special dividends versus regular dividends?
If macjoga, jason_nambae, justdothis or yourself or any of your respective brokers can explain why the 10/15 payment date will not result in the dividend being credited to your accounts on 10/15 I'd like to know exactly what that explanation is.
You are saying that the absence of a dividend payment to your brokerage account by midnight on 10/15 would not be proof that the company had not paid the dividend. Do you really believe that?
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