Post by
mouserman on Apr 30, 2021 11:42am
More ex divvy day sells, AND month end profittaking
Seems to happen quite often on the last trading day of any given month.
Brokers and investors decide to sell and take profits. There is also the old adage ," sell in MAY and go away" but that seemed to me to be for precious metals and risky venture plays , more than for the banks.
Comment by
EdPaquette on Apr 30, 2021 1:09pm
https://www.equityclock.com/seasonality/
Comment by
JRand3 on Apr 30, 2021 2:59pm
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Comment by
ice148 on Apr 30, 2021 8:39pm
Theex-dividend datefor stocks is usually set one business day before therecord date. If you purchase a stock on itsex-dividend dateor after, you will not receive the nextdividendpayment. Instead, the seller gets thedividend. If you purchase before theex-dividend date, you get thedividend.
Comment by
JRand3 on May 01, 2021 5:19pm
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Comment by
drool on May 02, 2021 12:50am
In my experience the trade settlement date must be on or before the ex-dividend date. My brokerage has taken up to 3 days to settle some trades, and I appear to have missed out on some dividends in the past because of that (not for FFN as I'm holding it longer-term). Probably varies a bit. drool