Q: I am confused on this company and their special .45cent dividend. Yesterday you stated that you felt that the company stock would drop today as its the ex-dividend date.
However the company's news release on 8.4.16 stated that it would be paid to shareowners as of Sept 2nd. I have been careful not to sell my shares until this date and now, as you predicted, the price of the shares have fallen today. My thought was that today's date simply referred to the 1.5cent regular dividend.
Based on the 13% drop in the share price (4.20 to 3.65) I even acquired more shares thinking I would be getting more of the special dividend. However reading your answer from yesterday after my purchase, I might have snookered myself. (Wouldn't be the first time...)
Can you clear up this up for me.
However the company's news release on 8.4.16 stated that it would be paid to shareowners as of Sept 2nd. I have been careful not to sell my shares until this date and now, as you predicted, the price of the shares have fallen today. My thought was that today's date simply referred to the 1.5cent regular dividend.
Based on the 13% drop in the share price (4.20 to 3.65) I even acquired more shares thinking I would be getting more of the special dividend. However reading your answer from yesterday after my purchase, I might have snookered myself. (Wouldn't be the first time...)
Can you clear up this up for me.