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Thread: IPAS - Extraordinary Dividend

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    Junior Member wuileng is on a distinguished road
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    Default IPAS - Extraordinary Dividend

    IPAS (iPass Inc.) which closed at $1.71 has announced a $0.32 cash dividend per share.

    iPass Declares $20 Million Cash Dividend

    I'm not making any predictions here but I believe there might be a run up over the next few trading days followed by a drop after the ex-date.


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    IPAS has been on my watchlist for a few months. I like the 3 year downtrend from 2006-2009. I personally think it is a little early from looking at the chart, but the dividends might sway me to throw some money in before the 31st.
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    Junior Member FXSTcmh is on a distinguished road
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    I tried to put in a buy order today at e-trade. they told me I had to buy before the X date, with was the 27th, be on record as of the 31st, to qualify for the dividend. Is this per the company or e-trade???
    tks in advance...

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    Quote Originally Posted by FXSTcmh View Post
    I tried to put in a buy order today at e-trade. they told me I had to buy before the X date, with was the 27th, be on record as of the 31st, to qualify for the dividend. Is this per the company or e-trade???
    tks in advance...
    While the decision to declare dividends are decided on by the company's board of directors, the process by which they work is a general formula that companies follow.

    In order to qualify for the dividend you must purchase the stock at least one day before the ex-date (typically two days before the date of record). This way the transaction will clear (T+3) on the date of record. It should also be noted that the ex-date is also the first day on which you can sell the stock (if you already own it) and still receive the dividend.

    Investopedia has a more complete article you can find here: Dissecting Declarations, Ex-Dividends And Record Dates
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    Junior Member non47 is on a distinguished road
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    Yeah i think this stock is gonna drooop the next day after they pay dividends.

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