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Monday, January 17, 2011

Welcome again Sprott Inc., 500 new stocks of SII in my online future trading brokerage

I just buy 500 stocks of Sprott Inc. at 9.34$ per stock. You should be doing the same - remember the special dividend...


Ron said...

You had to buy the shares as of last friday to be eligible for the special dividend.

Sunny said...

You think so? I try to contact TD Waterhouse but it's almost impossible to reach someone at this time. They might be very busy. This was a compulsive buy... If you say it's too late to be eligible for Sprott special dividend I almost believe you... But I have a contact at TD that I can write too. Anyone who has questions can actually email TD Waterhouse. And that's what I am going to do! I will let you know their answer.

Sunny said...

AHHHHH, I just got a reply from TD Waterhouse:

"I have verified the information and I am sorry to report that you do not qualify for the Special Dividend of $0.60. Since you purchased your new 500 shares on Monday January 17th – your trade will settle on Thursday January 20th. As you can see in the press release that special dividend will be paid to shareholders of record at the close of business on January 19th, 2011. In order for you to qualify for the dividend, you should have bought your shares on January 14th."

Ronaldco, your too bright and I am not. I should purchase my stocks earlier, but really have no clue.

Ron said...

You always have to buy the stock the day before the ex-dividend date to receive the dividend. You can see the date in td when you look at the stock detailled quote.

And alot of time, as in this case, especially with a special dividend, the stock will go down some after the ex-dividend date.

We learn from our mistakes, next time you'll be more careful.

On another note, the market has been good to us in the last few months, I wonder if it's time to start locking in some profit. I have a feeling, a correction might be coming, but on the other hand, I hate selling dividend stocks

Sunny said...

Hi Ronaldco,

your comments always make a lot of sense. You are so knowledgeable!

Yeah, it's no big deal as you said. I will catch up with the special dividend of Just Energy, which haven't been announced yet, but it shouldn't wait.

I am not use to purchase stocks for its dividend only. I am learning the hard way, all the way :0)


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