he statement "payable to stockholders of record on Feb 28, 2000" means that you must be listed as the share owner of record in the company's records (usually a bank keeps these records as a service to the company--probably for a fee) on Feb 28, in order to receive the extra share distribution. That would usually mean that the x date would be three business date sooner. You have to buy the stock by the x date in order to own the shares on the three business day settlement date. However, I think your Feb 28 date is in error, because QQQ has not yet split.This is not right, I don't think. The split is March 17 for the shareholders of record on Feb 28. If you buy shares after Feb 28, the split shares techinicallygo to the person who owned the shares on Feb 28. However, through the wonders of modern accounting, thesplit shares will go from the sharehold of record on Feb 28 to the new shareholder. I believe this type of discussion is more appropriateon the Splits board.Wayne G.
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