Post by
shellylynn2 on Jul 16, 2012 9:50am
dividend
In Canada, do you have to buy today to hold the stock in your portfolio for the dividend? I see the date is the 19th and don't know if it was last Friday or today that you can still buy.
Comment by
mjh9413 on Jul 16, 2012 10:02am
The ex-div date whether in Canada, USA, London, and so on, is the day on which you buy it and DON"T get the dividend. Buying before the ex-div date you become the holder of record for the div and it gets paid/sent to you on the div pay date no matter where the shares are kept..
Comment by
casa9988 on Jul 16, 2012 2:43pm
1.15????What are you snorting
Comment by
Nosleep on Jul 16, 2012 3:27pm
well ya, it went up because of the dividend. It fundamentally changed valuation. At 1.15, even at .05 per quarter div that would be a div ratio of almost 17.5%. So i doubt you'll see it head back to 1.15 unless something else occurs. Nosleep
Comment by
Boolish on Jul 17, 2012 8:55am
Shareholders of record....trades take 3 days to settle and with some firms likw Qtrade they take five. Wednesday of this week is the cut off.
Comment by
papaloapan on Jul 17, 2012 9:39am
It may take 3 (or 5) days to settle, but I believe that you are a shareholder of record as of the day you purchase the stock, not the day the trade settles.
Comment by
tigersea on Jul 17, 2012 9:41am
your order to bid has to be filled by 18th to get dividend
Comment by
mjh9413 on Jul 17, 2012 1:35pm
It is US site but maybe TSX or OSC has one on their sites, but a good definition is at www.sec.gov/answers/dividen.htm