Labrador Iron Ore Royalty Corp T.LIF

Confused on ex div date.

[Dadsaid2]

I couldnt resist and bought last week at 38 so lm not worried. Since the stock rallied to over 40 l decided not to sell but to hold it and collect the div. TD & Stockhouse show ex div date of Sept 28 but record date is the 30th so lm confused. Does this stock take an extra day to settle. If it is the 28th price will open 2.10 lower than 27th close or 38.19. Can anyone clarify why ex div date shows the 28th? Thx & GLTA

[ckwong]

Canadian stock takes two days to settle. Buy/sell on Sep on 28 will be on record on Sep 30.

[ckwong]

I should say "on record  Sep 30 after cloce shows on Oct 1". So on Sep 30, TD does not see you hold LIF and will not pay you the div if you buy/sell on Sep 28.

[Dadsaid2]

So the 28th is ex div. Buy today no div, meaning stock should open $2.10 lower than yesterdays close and then the market takes over. With futures looking bad should open at $38.19 and drop from there hopefully not too far. If ore prices continue to firm maybe LIF will rebound to 40+ in the next couple weeks. This would be nice when adding the 2.10 div payment Oct 26. GLTA

[TG1960]

lol...the 29th is xdivy day...you still get the divy if you buy today because you will be the S/H at close on the 30th...strange this could take another hit tomorrow the way I see it.

[Hungus]

Not so! Not so! Today, Sept 28th is the ex-div day, because of the new half-assed liberal govt holiday. What makes it confusing for most people is that the stock markets don't have the holiday, but the banks that are involved in the settlement process do - so, in effect, it takes an extra day to it... So instead of a 2 day settlement, it is a 3 day settlement process for this date. https

[TG1960]

Thks Hungus for the clarity...100% agree with your last statement on ole blackface/2face.

[FartMachine]

Most Canadians do not vote Liberal, but when your country allows anyone in the door with promises of free money, the newcomers vote Liberal in droves.  

[PileOfShit]

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