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Message: Dividend. Yes or No ???

Dividend. Yes or No ???

posted on Feb 06, 2010 09:57PM

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It seems to me that the Key here is the Ex-date

The ex-date is Feb 11th 2010,

If an investor does not own the stock before the ex-dividend date, he or she will be ineligible for the dividend payout.

So, according to this I think we will be eligible for the Dividend. .


Amount of dividend: $.088
.

Ex-date of dividend: 11-Feb-2010
.

Record date of dividend: 16-Feb-2010

.
Pay date of dividend: 01-Mar-2010

.

ex-dividend date

Definition

The first day of the ex-dividend period. The ex-dividend date was created to allow all pending transactions to be completed before the record date. If an investor does not own the stock before the ex-dividend date, he or she will be ineligible for the dividend payout. Further, for all pending transactions that have not been completed by the ex-dividend date, the exchanges automatically reduce the price of the stock by the amount of the dividend. This is done because a dividend payout automatically reduces the value of the company (it comes from the company's cash reserves), and the investor would have to absorb that reduction in value (because neither the buyer nor the seller are eligible for the dividend). also called reinvestment date..
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