PTYA offers 0.15 Dividend if buy B 4 Aug 24th

[sofakingcool]

Penn Treaty American Corporation Announces Dividend - Yahoo! Finance

Looks like the company has a low float also. Less shares available to buy.

[sportsfanaticxx]

do you need to hold through the 31st to reieve the dividends or can you get out of the stock on the 25th and expect to recieve the dividends

[DogDayTrader]

do you need to hold through the 31st to reieve the dividends or can you get out of the stock on the 25th and expect to recieve the dividends

Typically, the shareholder must remain a shareholder until the ex-date or ex-dividend date (which in most cases is two business days before the date of record) to be entitled to receive the dividend. I would recommend checking with the company first for clarification as these are general practices and the company in question may have different terms.

I am curious as to why you would want to purchase a stock just to collect the dividend and then sell it immediately afterward? Funds used to purchase the security could most likely be used to turn a greater profit somewhere else. That being said a $0.15 dividend for a stock that is currently trading at $0.44 is quite odd which brings me to the question of why, but that's for another conversation. I will be watching this one. If it dips enough before the Aug 24th DOR I might even pick up a few thousand shares to make a quick buck.

safakingcool: Nice find and thanks for the heads up!