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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Judy who wrote (18731)1/9/1999 12:10:00 AM
From: Gersh Avery  Read Replies (1) of 42787
 
** OT **

Gotta a dividend technical question one of you may be able to answer.

A co anounces that they are going to pay out a special dividend to persons who own a stock two days after the anouncement.

I buy the stock telling the broker that I'm buying because of the dividend.

Afterward I'm told that I don't get the dividend because of settlement date.

Am I screwed or do they owe me the dividend?

Gersh
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