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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (1607)	5/20/2003 7:12:47 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 4905

the effective ex d date is rarely published. a broker is the best way to find out. and they are obligated to get it right. record date is very misleading. it is rarely if ever the ex dividend date.

To: EL KABONG!!! who wrote (1607)	5/20/2003 10:06:31 PM
From: LLCF	Read Replies (1) \| Respond to of 4905

On the "X" date I believe the stock opens down by the amount of the dividend if unched and trades "X" [without] the dividend.... so you have to buy before the X-DATE. dAK

To: EL KABONG!!! who wrote (1607)	5/21/2003 12:46:23 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 4905

Hi Kerry, Dunno if it's the same for the US listings but for the Canuckies the EX-div date is calculated based on the 3 day settlement rule and date of record the dividend is realised (forget the paydate for these purposes, could be a day to months down the road). You buy stock ABC the day before the published / announced Ex-dividend date and 3 days later on the settlement date which will also be the dividend Date of record you own the unit and the dividend. If you execute a sell on the ex-dividend date you still get the dividend since the settlement date is one day later than the date of record for the dividend's realisation. Pretty clear eh! LOL... many many don't get this and it provides for quite a few trading / buying opportunities from time to time ;o) regards Kastel