quick question about DIVIDENDS

Discussion in 'Trading' started by lsudaytrade, Jun 3, 2003.

  1. I have a SHORT Position with SLB.

    SLB had ex-div 6/2/03 of 0.19 and div date of 7/3/03

    So if i had open a 500 SHORT position on SLB on 6/2 i now owe 500x0.19 worth of DIV to be paid july 3rd?? :confused:
  2. MR.NBBO


    You would only pay the dividend if you were short overnight from 6-1 to 6-2. Looks like you shorted on the ex. div day (6-2)....so you shorted when it was trading "without dividend" & you DO NOT OWE a short sale dividend payment.
  3. MR.NBBO


    I might have miss-read your post. If you were short overnight from 6-1 to 6-2, the you DO owe a dividend.
  4. sorry for the confusing post, but your explanation was adequate.

    I had SHORT 500 SLB on Mon 6/2, thus going from your explanation I do not owe any short dividend.

    Thanks a bunch! that was a huge sigh of relief.

    Good Luck trading :)