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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (93102)	11/16/2001 11:52:55 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Don, You are going backwards on the ex-dividend date. It happens BEFORE the record date. So, the November 7 record date would be for people who bought 3 business days before that date, in the Nov. 2-4 period, depending on weekends. So, if you bought on Nov. 5 you didn't get it. Also, if you sold on Nov. 5, you did get the distribution because you were a holder of record on Nov 7. In the October 25 case, the ex date would be in the Oct 20-22 area. If you bought before that ex date, you would be the holder of record by October 25. If you bought after, you would not receive the dividend. And, if you sold on Oct 23, you would receive the dividend. Payable date is a totally different animal and set at the whim of the co. It is usually within a few weeks after record date. The record date means the same thing in both cases.