Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I Purchased 50 shares of MFNX ($44-I purchased it in Feb99)then around April they announced they would have a 2 for 1 stock split (paying out in Stock Dividend).

They said the stock dividend will be issued to shareholders of record as of the close of business on May 3, 1999. And futher said The Company expects that itstransfer agent, Chase Mellon Shareholder Services, will distribute the stock dividend on or about May 19, 1999. I sold the shares today. Do I still receive the Stock Dividend? In what form and how? Please advise. Thnx!


You will not receive the dividend. The "ex-date," or date when holders receive a dividend, is actually the day after the payable date for stock splits. In other words, you would have had to held until tomorrow (May 20th) to receive the dividend. This is somewhat confusing since the ex-date for cash dividends is usually three business days prior to the payable date.

Fool on,

Print the post  


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.
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.