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Posted by Arthur Kamlet on May 29, 2008, 9:43 pm
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>What is the "trade date" for a stock dividend -- x-dividend date? Pay
>date? the trade date for the underlying stock? some other date?
The Board of the company announces that shareholders "As of" a certain
date receive a stock dividnd or a stock split or similar on a Payable
Date. So if you were the owner of record on Close of Business the
business day preceding the ex-div date, you will receive the stock
dividend.
Trades between the ex-div date and the Payable date trade the
stock with a Due Bill attached. The Due Bill means you are
trading both the stock and the stock dividend.
The acquisition date of the stock dividend stock is the same as the
underlying stock itself.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
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