(Total Views: 224)
Posted On: 11/14/2018 12:20:00 PM
Post# of 36566
Since the settlement of stocks is Trade date + 2, the trade must settle before the ex div date which the company expects to be Monday 12/3. So you would need to purchase the stock by the end of the trade day on Wednesday 11/28, so it settles on Friday 11/30.
If you buy before the end of the trade day on Tuesday 11/20, you will get your 20 additional shares directly from GNBT.
If you buy Wednesday 11/21 thru Wednesday 11/28, you will get your 20 additional shares from the person you bought the stock from.
However, no matter what, you need to hold the stock thru at least Monday 12/3 to be entitled to those 20 additional shares and you can sell them on 12/4, if you have them in your account and settled.
If you buy before the end of the trade day on Tuesday 11/20, you will get your 20 additional shares directly from GNBT.
If you buy Wednesday 11/21 thru Wednesday 11/28, you will get your 20 additional shares from the person you bought the stock from.
However, no matter what, you need to hold the stock thru at least Monday 12/3 to be entitled to those 20 additional shares and you can sell them on 12/4, if you have them in your account and settled.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
