I'm looking to collect dividends on NAO in a week. I currently do not own this stock and would like to get in and out as quick as possible while still collecting the dividend. Can I buy and sell on the ex-dividend date and still receive the dividend or do I need to hold for a certain amount of time?

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Posted by rednecksouthpaw

Denham Springs

Member since Jun 2006

129 posts

Posted on 8/6/14 at 9:51 am to jlu03

You must own it at end of the ex-dividend date

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Posted by Retrograde

Member since Jul 2014

2900 posts

Posted on 8/6/14 at 12:52 pm to rednecksouthpaw

This is almost always a bad idea. The dividends paid are taken out of the stock price, making it a wash.

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Posted by jlu03

San Diego

Member since Jul 2012

3320 posts

Posted on 8/6/14 at 8:57 pm to Retrograde

I'm going to take the chance with a near 10% yearly dividend. It's a very young stock so it may not follow the usual pattern.

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Posted by Chris Farley

Regulating

Member since Sep 2009

4180 posts

Posted on 8/6/14 at 9:10 pm to jlu03

It doesn't work like you're describing. Hop on investopedia and help yourself out.

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Posted by bayoubengals88

Member since Sep 2007

18946 posts

Posted on 8/6/14 at 9:12 pm to jlu03

quote:
10% yearly dividend

If we're looking at the same stock I see a 2.70% dividend...?

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Posted by sneakytiger

Member since Oct 2007

2473 posts

Posted on 8/6/14 at 10:30 pm to bayoubengals88

That's a quarterly number since they paid their first dividend in Q1 14.

Interesting that this company owns 26% of NAO. NAT is valued at $660MM vs. $400MM for NAO. Am I crazy or is one of these severely under or overvalued?

This post was edited on 8/6/14 at 10:31 pm

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Posted by eScott

Member since Oct 2008

11376 posts

Posted on 8/6/14 at 11:41 pm to Retrograde