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hacker1

12/21/12 10:52 AM

#89921 RE: OTC_Pink_Picks #89912

I don't think that is true! It's based on the ex-dividend date.

ex-dividend
A security which no longer carries the right to the most recently declared dividend; or the period of time between the announcement of the dividend and the payment. Usually four days before the record date. For transactions during the ex-dividend period, the seller will receive the dividend, not the buyer. Usually indicated in newspapers with an x next to the stock's or mutual fund's name.