Replies to post #30132 on Value Microcaps Motherboard

[hweb2]

EMGP spread tightening to 1.80 X 1.89. I picked up a few more. Upcoming special dividend of .10/share. Big earnings last quarter with .08/share. With some of the comments in the 10Q, it sounds like this company is just getting started.

[jtomm]

Capturing Dividends - BOGN, EMGP, etc.

Just a quick note for anyone trying to capture a dividend on a stock.

The "record date" is NOT the key date to the investor/speculator. The reason is you have to allow for settlement of the trade (currently, T+3). So you actually have to buy the stock 3 trading days before the record date. You should contact your broker to be sure of the date.

I really wish the rules would require companies to add a paragraph like the above to their dividend announcements. Because year after year I see situations like this and it's perfectly reasonable for the average person to say, "okay, record date is the 14th, so if I buy on or before the 14th I get the dividend." But that is not correct.

It's needlessly confusing to the public.