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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (17447)	3/8/1999 8:14:00 PM
From: Gerald Walls	Respond to of 74651

There is a great deal of significance to the record date. That is the date that establishes who is an owner of record and entitled to the stock dividend. No, buy 100 shares of a stock the day before the X-div date (which is almost always substantially past the record date). Sell 100 (split) shares on the X-div date. If you don't get your dividend and have 100 shares left in your account then you should file a complaint against your broker with the SEC. If the record date determined who got the split or dividend then they wouldn't need an x-dividend date because the stock would become precisely less valuable (short-term) as the dividend you got the right to keep. This is what happens on the x-div date because that's the date that stock first trades without (x) the dividend.