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.
Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.07-0.5%Dec 19 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lifeisgood who wrote (6365)3/8/2003 1:02:45 PM
From: Paul Senior  Read Replies (1) of 6439
 
short answer: March 11.

ex-dividend date is March 12 (Wed.) for upcoming dividend, according to Yahoo.

These dates for dividends can be confusing. See this link for for information:

ex-dividend.com

I look at it this way: "ex" means "without", So on the 3/12 the stock trades "without" the dividend. Which means anyone buying MO on the 12th does not get the upcoming dividend. Anyone buying it on March 11 DOES get the dividend. (I believe, but I am not sure, that anyone buying in after-hours trading on March 11 also is considered a 3/11 buyer and therefore gets the dividend.)

If the buyers on March 11 get the dividend, that means the March 11 sellers do not. If the stock is 'ex' on March 12 (that is, 3/12 buyers don't get the upcoming dividend), the sellers on March 12 do get the dividend though because they will still be on the books on the record date. (And because on March 12 any sellers that day get the dividend and no buyers do, there's an advantage to the sellers, and this is evened-out by the stock's opening down on 3/12 by the amount of the dividend. Although this is sometimes not so easily seen if the stock is volatile.)

Hope I got this right -g-

Paul Senior.
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