High Arctic Energy Services Inc T.HWO

Understanding Ex-Dividend Dates

[Stonksonlyup90]

Share transactions take 2 business days to settle at most brokerages.

If the ex-div date was October 26th (Tuesday), but you sold a portion of your shares on October 25th (Monday) and that share sale doesn't settle until October 27th - WOULD YOU NOT STILL BE ELIGIBLE FOR THE DIVIDEND?

Trying to settle an argument with a friend. Was anticipating that HWO share price would drop on October 25th given the 2 day lag.. but it largely held up until today!!

[Treminv]

The ex-dividend (Oct 26th) is the date where you are not entitled to a dividend anymore. So, in this case, you will receive a dividend if you were a shareholder as of October 25th. If you sold shares on the day before the ex-dividend date (Oct 25th), you will not receive the special dividend for those shares. The settlement date is somewhat confusing, but it only means that there is a two days

[auburn2]

Someone through Questrade through over $100,000 at this on Oct 26 at $1.94. That doesn't make sense because Oct 25 was the last day to get the dividend, which logically means Oct 25 would represent the near-term peak of buying power. Oct 25 saw only $2.00, so who would buy $100,000 worth the day after at $1.94? Hard to believe an amateur has that kind of cash to throw around recklessly. Also,

[auburn2]

I meant threw over $100,000 at this at $1.94.

[bbwibone]

Don't forget, the stock may still trade higher than you think because of the outlook, not just the special dividend. Management has been very bullish on prospects. $1.94 will look good if this hits $4. It has traded as high as $6 in 2017 and with LNG at nosebleed prices, it's only a matter of time before PNG really kicks off.