Please help, what am I doing wrong?

Discussion in 'Stocks' started by kaijinbo, Apr 18, 2007.

  1. kaijinbo


    Hello to all,

    I am very new to stocks and dividends. I found a stock that is having a special one time dividend (ticker CBM). The special dividend is payable May 3 to shareholders of record as of April 20. I bought this stock on April 16 and have plans to sell it on April 23 or 24. I thought I could make a quick buck this way, but after reading some web sites on dividends, and this board, I am now questioning my decision.

    Did I made a mistake?

    Will I be eligible for the dividend if I sell on April 23 or 24?

    Is there anything I need to know to better understand the ins and outs of these special one time dividends?

    Please give me some tips and advice. I hope to learn from everyone here.

    Thank you for reading.