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About tbaarr
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I answer only public questions so all can benefit . I do NOT endorse any of the website ads that will bring you to my answers. I have started a blog called ..AS Tbaarr Sees It.. tThats the only site where I might benefit from any ads,see below for the address. I dont care about ratings as i am not here to make you buy a service from me... If you want my opinion just ask me... I was a askme.com expert who was consistantly in the top ten.... I have found my screename,on google,being used without my permission to promote scottrade and other garbage... Ask me here first before you try any service that is claiming my screename or using it as a link.... PLEASE let me know at my webpage or blog.... http://www.geocities.com/tbaarr/night_vision.html.. .. http://www.tbaarr.blogspot.com/ ....So i can go after them Thank you MY BROKER OF CHOICE IS CHARLES SCHWAB

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I retired in 1996 at the old age of 39 by using city based utilities and leap call options. on stocks like ibm and wal mart because you can control these stocks for 2 years for ten cents on the dollar.
As of 1998 I got married and went to work driving Big Rig in 2004 so I could provide my 2 daughters,who are 4 and 8 as of 2007, with QUALITY AFFORDABLE health insurance. THIS job still allows me to trade but will cause you a slightly longer wait for any answer.. I apologize for This but my families welfare comes first..
I am a investor only so i am not here to force anything on you and choose this site because it was free The subjects listed below cover the main reasons i feel justified to call myself an expert the stocks I trade and why my options strategy my use of credit cards how to achieve multiple card accounts some ways to get your first credit card,that i know work how to make approx 120 a year by simply paying your bills with a credit card any questions outside of these topics i will attempt to answer or just say sorry i cant help you
 
   

You are here:  Experts > Money > Online Brokerage/Banking > General Stock Investment Strategies > dividend ex dates

General Stock Investment Strategies - dividend ex dates


Expert: tbaarr - 11/19/2008

Question
I recently purchased a stock with an Ex Date of Sept 30.
I purchased on Sept 26 and it appeared in my portfolio immediately.
However I did not receive the Dividend because thebroker said it was not "registered" in time.
What is the difference in registration and ownership for ex date requirement? How long before an Ex Date must I buy a stock to qualify for dividend?

Answer
Sept 26 was a friday ...stock purchases take 3 business days to settle ....... Its my opinion that sat and sun did not count as business days ......This means your position  settled on oct 1 .... ie you were not registered  by 29 sept ...to be paid on 30 sept..... my question to you is  whether you used a real broker like charles schwab ..... or were you using a deep discounter who may have cleared your trade late ..... if you dont use  Charles Schwab...like I do.... you may want  to confirm my opinion with 1 of their broker supervisors...it may be time for you to change brokers... if the trade was cleared late you may have a SEC  complaint..... good luck.

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