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Started By
Message
Question about dividend stock/play
Posted on 5/25/17 at 7:40 pm
Posted on 5/25/17 at 7:40 pm
While at work I noticed before the market closed today that the board for FRBC approved a dividend of $7.16/share executed on 5/30 and payable on or about 6/1.
Seems like a shoe in to load up on the stock for the dividend giving it's current price and trading history, then dump the stock if it's a good move. I've just started trading again the past couple weeks, but could anyone here tell me why I shouldn't buy even more shares due to the absurd dividend they will be paying out? Bought 86 shares today btw.
Seems like a shoe in to load up on the stock for the dividend giving it's current price and trading history, then dump the stock if it's a good move. I've just started trading again the past couple weeks, but could anyone here tell me why I shouldn't buy even more shares due to the absurd dividend they will be paying out? Bought 86 shares today btw.
This post was edited on 5/25/17 at 7:42 pm
3
Posted on 5/25/17 at 8:41 pm to ruger35
I was looking at this same deal today. How often do stocks drop by the amount of the dividend on the ex date?
Posted on 5/25/17 at 8:48 pm to new roads
It would have to drop to its 52 week low from its closing price in order for it to not make a profit on the dividends.
Posted on 5/25/17 at 10:57 pm to ruger35
quote:
The dividend will be payable on June 1, 2017, to stockholders of record on May 30, 2017, with an ex-dividend date of May 25, 2017.
Pardon an investing rookie/idiot but what does it mean by the May 25th ex-dividend date? Does that mean that you'd need to have the stock on or before 5/25 in order to be a shareholder of record on 5/30?
Posted on 5/25/17 at 10:59 pm to KamaCausey_LSU
Yes. Ex date is what matters. If you buy on the 30th you will not get the dividend.
This post was edited on 5/25/17 at 11:01 pm
Posted on 5/25/17 at 11:18 pm to thatguy777
Alright, thanks for clarifying. I figured I was s.o.l. to get in on this.
Posted on 5/26/17 at 2:10 am to KamaCausey_LSU
Sorry Idk why I typed the 25 but it's the 30.
Posted on 5/26/17 at 10:26 am to ruger35
quote:
FRBC
What's the symbol for this?
Posted on 5/26/17 at 1:07 pm to Box Geauxrilla
quote:
What's the symbol for this?
I believe it is FBRC. The dividend is pending a merger.
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