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.
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.
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.
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
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
"The only thing that interferes with my learning is my education." - Albert Einstein
Yeah i think this stock is gonna drooop the next day after they pay dividends.