Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Ken Marcus who wrote (1401)	5/3/1996 7:43:00 PM
From: Patrick Slevin	of 58324

If the split date is the 20th then the date for buying before the split would be (T+3)=20. I believe that the exhanges have finally gone to T+3 settlement, so if the split date is May 20th, then the last trade date (prior to the split) is May 15. If the official split is May 23, then you can buy pre-split on May 20. As you say, 'buying between 6th/19th losing money'?, If a stock paid a dividend on the 20th, it would be X-Dividend on the 15th. Therefore, on the fifteenth, a stock paying a 1 dollar dividend, for example, should trade at $1 lower than the previous days close; all else being equal.

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