Friday, October 18, 2019

Dividend Strategy

         This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start. 

    We are thru with APA for now. Today is the last day to buy the stock to receive the $.25 dividend. The ex-date is 10/21 (Monday), ex-date mean WITHOUT dividend.
     In a perfect world (yea, sure), Monday the stock should open $.25 less than the closing price today.
     Monday opening price will of course be dictated by market conditions but will always reflect that $.25 reduction. Remember to receive the dividend you have to still own the stock at the end of the day before the ex-date.
     On the ex-date is you still own the stock you will receive the dividend of $.25, but not on 10/21. Monday 10/21 is the ex-date, the "pay-date" determined by the company is when you will receive the dividend.
   
 Disclaimer, I am not a professional.
   

   

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