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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Buckey who wrote (107911)7/30/2002 7:51:39 PM
From: TallTrader  Read Replies (1) of 150070
 
DATE of record does not matter. It is the X-Dividend date
that matters. So, for ADTM, XDate is 7/31/02 ... which
means that this is the first day that it trades
ex-dividend ... or without the dividend. Hopefully Wayne
will not yell at you for making your comment (inside joke).

For info:
A company's dividend is not simply paid to whoever is
holding the stock on the day the dividend is paid.
Instead, an "ex-dividend" date is set, often several weeks
before payday. If you buy shares of a dividend-paying
stock on or after the ex-dividend date, you won't receive
the upcoming dividend payment. The person who owned the
stock when it went ex-dividend gets that chunk of change.

fool.com
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