SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Bishop who started this subject12/17/2000 2:32:10 AM
From: dtown1  Read Replies (2) of 150070
 
I think there might be a mix-up between stock splits and a cash dividend.

To get a stock split you only have to buy the stock the day before it splits to be eligible for the split. The next day would be the ex-day and if you buy on that day, you of course, cannot be eligible for the split because the stock already split the day before.

On the other hand, to be eligible for a cash dividend, you have to be a shareholder of record (SOR) as of the record date. That means you have to buy in 4 days prior to the record date because the trades have to clear before you are a shareholder of record.

So if the record date for a cash dividend is a Friday, you would have to buy it Monday to be a SOR by Friday. It takes three business days to clear (Tue, Wed, & Thur) so, at the close of business on Thurs. the trades have cleared and you are a SOR on Friday.

I hope I didn't confuse the issue any further.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News