Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I do not live in the US and I am in a different time zone. I have to place an order orvernight to buy US shares. The AOL stock split record date is Nov8 and ex is Nov23.

Tomorrow is Nov-9 in the US. Should I place an AOL share order at pre-split price or post split price given the record date is Nov-8. The local broker does not have have a clue.


Hello! You will pay the pre-split price on any trades executed until the ex-date of November 23.

What happens with shares which are traded between the record date and the ex-date is that they come with a 'due bill' for the stock split shares. Sun will process the split based on its records as of November 8, but your broker (actually your broker's computer) will keep track of who is really entitled to receive the additional shares when they are released on November 23.

I have both bought and sold shares during this 'due bill' period and everything has worked out just fine.

Hope this helps!

Mike
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement