ex div

[osho67]

some stocks become ex div on 15th june. what time they become ex div? at the open or close ?

 

[Free Thinker]

Quote from osho67:

some stocks become ex div on 15th june. what time they become ex div? at the open or close ?

stocks open ex(less)the dividend

 

[Don Bright]

Yes, you have to have the stock long coming into the 15th to collect dividend. Example: XYZ closes at $25, with a $1.00 dividend. If it were to open "unchanged" it would open at $24. Dividend paid in a few weeks to holders.

Don

 

[osho67]

Quote from Don Bright:

Yes, you have to have the stock long coming into the 15th to collect dividend. Example: XYZ closes at $25, with a $1.00 dividend. If it were to open "unchanged" it would open at $24. Dividend paid in a few weeks to holders.

Don

Thanks. What happens if I have a short call position (as in iron condor) ?