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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Handshake™ who wrote (17527)7/24/1999 4:56:00 PM
From: J. Nelson  Read Replies (1) | Respond to of 25548
 
Just a little Quandary....... Anyone or everyone wish to try???

To qualify,for the free dividend, of a stock let's say due out on 5/03/99. I bring up this question?? Would not, most if not all brokerages have a three day settlement rule & if you were
to buy (SHARES) on 4/30/99, your broker will show your date of record
as 5/02/99. Or would the weekend not be counted as business days for settlement and you would have till 5/04/99, for a settlement date?

Thanks to anyone who can solve the puzzle to this one.....Much in advance.

Regards, God Bless
Jim.....