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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: Allan C. who wrote (1849)	5/26/2000 12:40:00 AM
From: upanddown	Respond to of 2561

Allan Richard meant "record date" when he said "ex-dividend". The ex-dividend date is two business days before the "record date". You do not get the dividend if you sell before the ex-dividend date. Lets say the date of record is a Friday. The ex-dividend date would be Wednesday. In order to capture the dividend, you must purchase the stock by the end of the trading day Tuesday so you will be the shareholder of record at close of business Friday. The reverse applies to the seller. Between the close Tuesday and the open on Wednesday (the "without dividend" date), the approx amount of the dividend will disappear from the stock price. If the stock price is $25 and the dividend is .25, the stock will open Wednesday at approx $24.75 if the bid/ask is unchanged. If the stock closes Wednesday at $24.75, it will be treated as unchanged rather than down a quarter. John

To: Allan C. who wrote (1849)	5/29/2000 4:47:00 PM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 2561

Dividends and dates of records and X date. The company sets a date of record and they pay the dividend to the stockholders of record of that date on the payment date. If the "date of record" stockholder sells the stock before the dividend payment date he sells "with dividend" and he, not the company owes the dividend to the person he sold to. X dividend means without dividend so the X dividend date is day following payment date or the first day the stock trades without the most recent dividend. The T-3 rules (three days to pay) don't apply to dividends, only to payment dates. Cosmo