LarryMelman
Recycles dryer sheets
Not knowing what the final dividend payout would be, I sold half my shares at 25.26 last week. Looking at my Fidelity account tonight, I see they gave me 36.58 cents per share on the shares that I held till the end. (which is 95.555% of a full quarter's dividend, or 86/90, FWIW)
But what's interesting is it looks like they first credited me with 36.58 cents on ALL my original shares. Then they took it back and gave me only half. That makes me wonder what the ex-dividend date was for the final payment. QOL says the regular dividends were "paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date)".
If I sold half my shares on 2/24, I believe I held them past the record date and should have gotten the dividend on them as well as on the ones I held.
But what's interesting is it looks like they first credited me with 36.58 cents on ALL my original shares. Then they took it back and gave me only half. That makes me wonder what the ex-dividend date was for the final payment. QOL says the regular dividends were "paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date)".
If I sold half my shares on 2/24, I believe I held them past the record date and should have gotten the dividend on them as well as on the ones I held.