dividend

[pogo]

pbg dividend date is on jan. 3 i have over 10 percent of pbg stock in my wife portfolio want to reduce it but not till i receive that dividend. they announce it on dec. 8 so do i have to wait till jan. 3 to receive it or did i already receive it. pogo

[ou81200]

Pogo---

If the dividend date is Jan 03, then the stock must be owned three business days prior. This is called the x-dividend date. Any stock purchased between the x-dividend date and the dividend date will not qualify. Unless of course you hold your stockuntill the next dividend date. After the dividend date, you can sell your stock and collect the dividends on the payout date. Note that the dividend date and the payout date are different. As long as you own the stock on the dividend date and purchased it prior to the x-dividend date, you can sell the stock and still collect on the payout date.



I hope this helps:)

[pogo]

thank you pogo great site and members