Gear Energy Ltd T.GXE

0.005 washtrading is back

[lovehockey]

After several months of absence it is back. That is what happens when you first file for NCIB and then declare that you will not be buying any of your own shares. Buyback was the only solution against the washtraders.

[mofwmofw]

If there is any consolation it`s low volume. I thought with a change in management it might be better, obviosly not  !!!

[mofwmofw]

Tomorrow is the last day to own this piece of blank in order to get the divvy

[pierrelebel]

Actually GXE goes ex-dividend ($0.005) on Friday June 14th

[mofwmofw]

The date of record is on Friday the 14th ex dividend is Thursday the 13th. It must be owned by tomorrow.

[pierrelebel]

Things have changed T+1 Migration Record and Ex-Dates The change to a T+1 settlement cycle results in ex-dates for dividends, distributions, and other corporate actions changing from one business day before the record date to the day of the record date. As a result of the transition from T+2 to T+1, no listed security will commence ex-dividend trading on Monday, May 27, 2024. The chart below

[constructionsite]

Partially correct. The date of record is June 14th, and it is correct that under T+1, this means you must buy one day before, i.e Thursday June 13th, to still receive the dividend. However, this is NOT the same as "ex-dividend day", which is a different concept: ex-divi day refers to the day the shares are trading "ex-" or "without" the dividend. Under T+1, this will

[constructionsite]

Man, I had such nice formatting on my previous post, and then it comes out like an illegible dog's breakfast. wth, Stockhouse??!!

[pierrelebel]

"I expect as a result of T+1, the term "ex-dividend day" will fade into obscurity." While on the same calendar date, the terms "date of record" and "ex-dividend date" mean two different things. "Date of record" means " shareholder (or unitholder or bondholder) at the end of the day" "ex-dividend date" means you are not

[constructionsite]

Exactly, Pierrelebel. And btw, thanks for the link in your earlier post.

[mofwmofw]

You gentlemen or ladies are absolutely correct my Air I just found out from RBC investments that it was changed on May 27 last month to the record date being absolutely on the 14th which is Friday, but the ex dividend is the last day you can still buy the stock so we can buy it tomorrow and still get the dividend. Sorry for the wrong info. I just didn't know. I do appreciate the help. Thank