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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Allan C. who wrote (1849)5/29/2000 4:47:00 PM
From: Cosmo Daisey  Read Replies (1) of 2561
 
Dividends and dates of records and X date.
The company sets a date of record and they pay the dividend to the stockholders of record of that date on the payment date. If the "date of record" stockholder sells the stock before the dividend payment date he sells "with dividend" and he, not the company owes the dividend to the person he sold to. X dividend means without dividend so the X dividend date is day following payment date or the first day the stock trades without the most recent dividend. The T-3 rules (three days to pay) don't apply to dividends, only to payment dates.
Cosmo
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