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I've been investing seriously for over 20 years and

must admit this was a new one on me. MSD Stock went

ex-dividend in December, but because of the size of

dividend IRS regs specified actual ex div to occur

some thirty days later. Between Dec and January

stock traded with "dividend due clause". What does

this mean if you sold after first ex date and before

second ex date? Means stock price does not drop on

first ex date and you get the dividend. Too good to

be true. No, I just received notification from US

Clearing, March 18 to forward dividends received in

January. I am not disputing that mathmatically this

all works out fairly. You can't expect to sell a

stock after it goes ex and get both the dividend and

the PRE ex div price. My question is for any tax

experts out there. How is this treated? Again I sold

in Dec after original ex date, received pre ex stock

price and dividend. I am now required to surrender

these dividends received.

Thanks in advance
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