This is our third dividend, and I don't remember a

This is our third dividend, and I don't remember any problems before with original owners that unknowingly loaned shares to shorters having to give up the dividends. If this is such a potential big problem why didn't we hear about it happening during the first 2 dividends? I will call Fidelity tomorrow, but my guess is they won't know.

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I asked about a shorter borrowing shares and reselling them. He believes that the original owner, that loaned the shares to shorter, will have to give up the dividends to the new buyer thru due bill. So be sure to go into your acct, set up a GTC sell order for you shares at a high price. It is believed that brokerage firms can not loan out your shares with a pending sell order because if the price jumps and gets filled, the brokerage becomes extremely short and would need to buy shares. He said, people allows shares to be loaned out sometimes because they get a 5% interest, but brokers then loan them to shorters for 33%. So be sure your broker is not loaning your shares out.

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