shorting stock

Discussion in 'Stocks' started by frank99, Apr 29, 2007.

  1. frank99

    frank99

    If I short stock xyz, will I be charged dividends when everyone else receives them if they long the stock?

    I've never shorted stock before, so I hope someone can help.

    Thanks,

    Frank
     
  2. ak15

    ak15

    No
     
  3. yes... you'll be paying the dividend to the nice people you sold these borrowed stocks certificates to.
     
  4. zdreg

    zdreg

    how did you you manage to come up with the wrong answer and have been probably trading from at least 2003?
     
  5. ak15

    ak15


    Figure it out.
     
  6. zdreg

    zdreg

    your response definitely confirmed my thoughts.
     
  7. ak15

    ak15

    You have thoughts to confirm?
     
  8. frank99

    frank99

    Thanks for the replies. It looks like you will be charged for the dividend if shorting a stock.


    Frank
     
  9. Of course you have to pay the dividend, otherwise that'd be 1 massive scam. Find a dividend paying stock, short it at closing, buy it back at opening when it gaps down due to the divvie being paid.
     
    #10     Apr 29, 2007