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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: chmaj who wrote (1685)	5/28/1998 3:53:00 PM
From: AgAuUSA	Read Replies (1) \| Respond to of 6439

www3.techstocks.com They pay by check if you hold your shares in certificate form or by cash deposited to your brokerage acct. If you don't own shares yet, you must buy them BEFORE the div date to collect the div.

To: chmaj who wrote (1685)	5/28/1998 3:56:00 PM
From: Brian Malloy	Respond to of 6439

dividend is currently .40/qtr or 1.60/year wsrn.com

To: chmaj who wrote (1685)	5/28/1998 11:20:00 PM
From: don kramer	Read Replies (1) \| Respond to of 6439

DEFINITION - DIVIDEND DATE, EX-DIVIDEND, RECORD DATE, Record Date Date by which a shareholder must officially own shares in order to be entitled to a DIVIDEND. For example, a firm might declare a dividend on Nov 1, PAYABLE Dec 1 to HOLDERS of RECORD Nov 15. Once a trade is executed an investor becomes the "owner of record" on settlement, which currently takes 5 business days for securities, and one business day for mutual funds. Stocks trade EX-DIVIDEND the fourth day before the record date, since the seller will still be the owner of record and is thus entitled to the dividend. [Waiting days, are subject to change, per various legal, and tax and regulatory rulings.] DIVIDENDS might be paid to holder of stock in cash, or in some cases, in more dividends (as in the case of a stock which offers shareholders stock purchase re-investment plans, etc...(MO offers shareholders, a stock re-investment plan). DIVIDENDS are usually paid, as part of earnings, on a routine basis. i.e., quarterly, HOWEVER, it might be the case, depending on legal and/or tax circumstances, that a SPECIAL DIVIDEND is declared, i.e., etc...etc...etc...