I bought 1 million shares on the 17th bought 2 million more one the 19Th sold 800,000 on the 20th sold 200,000 on the 24th.
I recieved all my divi's 20,408 in this account.
Cash divi is different from a Stock divi.
but they seem to have different rules on different stock divi's.
The SEC uses the word usually.
The best way to do it and make sure you get a Cash divi or a Stock divi is to buy 3 days before the record date. and hold the stock. until the second day after distrubution date.
from the SEC WEB:
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
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