KT -
You are going backwards on the ex-dividend date. It happens BEFORE the record date. So, the November 7 record date would be for people who bought 3 business days before that date, in the Nov. 2-4 period, depending on weekends. So, if you bought on Nov. 5 you didn't get it. Also, if you sold on Nov. 5, you did get the distribution because you were a holder of record on Nov 7. ...
Yes, I noticed when I went back to look at your original reply. However, in fact it did not work out as you described. -
biz.yahoo.com
"Friday November 16, 9:14 am Eastern Time
Press Release
SOURCE: Thermo Electron Corporation
Thermo Electron Completes Viasys Healthcare Spinoff
Opening Trading Price for Thermo Adjusted to Reflect Share Distribution
WALTHAM, Mass., Nov. 16 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO - news) announced today that it has distributed all of its shares of Viasys Healthcare Inc. (NYSE: VAS - news) as a tax- free dividend to Thermo Electron shareholders of record on November 7, 2001. The distribution took place at 4 p.m. yesterday. Shares of Thermo Electron common stock will commence trading this morning approximately $2.50 lower than yesterday's closing price of $24.06, reflecting the Viasys Healthcare spinoff. Viasys Healthcare ``when issued'' common stock closed yesterday at $17.20. ..."
This is what confused me. From what you say, I would have expected TMO to trade lower after three days before the record date.
TIA, Don |
