tag:blogger.com,1999:blog-81623282011-04-21T18:15:04.237-07:00BCMhttp://www.blogger.com/profile/15692172346003721441noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-8162328.post-1094062825265141902004-09-01T11:16:00.000-07:002004-09-03T10:33:37.826-07:00The Ex-Dividend date is the first day that the client buys the stock and <b>will not</b> receive the dividend. <br /> <br /><span style="font-weight: bold;">Example:</span> A stock is ex-dividend on September 20th <br /><ul> <li>Client buys the stock BEFORE Sept 20th- they receive the dividend.</li> <li>Client buys the stock ON Sept 20th- they <b><i>don't</i></b> get the dividend.</li> </ul><span style="color: rgb(255, 0, 0);"> <br /></span><span style=";font-family:Verdana,Arial,Helvetica,sans-serif;font-size:85%;"><span style="font-family:Arial,Helvetica,sans-serif;"><span style="font-weight: bold;"><span style="font-size:130%;">Open Orders and Ex-Dividends:</span> </span>The prices of all open orders to buy securities that have begun trading ex-dividend are reduced by the amount of the dividend by Trade Management. <br /> <br /><b>Example:</b> Client has an open order to Buy 1000 XYZ at $10, good for 30 days. This morning, XYZ went ex-dividend on its dividend of $0.34. The order will automatically be changed to "Buy 1000 XYZ at $9.66" ($10.00-$0.34) <br /> <br /><span style="font-size:130%;">Record Date and Ex-Div Date: <span style="font-size:100%;">The record date is the date that client must have the stock settled in their account in order to receive the dividend. To find the ex-date, go back two business days. <br />Example: XYZ stock has record date of Thursday Sept 23rd. Two days previous to that would be Sept 21st, which is the record date. <br /></span></span></span></span><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/8162328-109406282526514190?l=testtwe3.blogspot.com' alt='' /></div>BCMhttp://www.blogger.com/profile/15692172346003721441noreply@blogger.com