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Many companies have announced special dividends in anticipation of higher capital gain taxes next year.
Oracle is pre-paying 2-3 quarters of dividends on Dec. 31st, I think that date s correct.
Mircosoft and Google and Apple are rumored to be possible special dividend candidates but they are running out of time.
Since there is:
A. a date to announce a dividend.
B. an ex-dividend date.
C. a pay date. (which would have to be Dec. 31st or earlier)
What is the latest date that a company could announce a special dividend, based on your own experience with dividends and the time factors of each date. (A.B.C. above)
Good question. Guess announced a special dividend as well but didn't say when.
November 29, 2012: Shares of Guess were up more than 5% in after hours trading as the fashion posted retailer third quarter results.
In additional to their regularly scheduled $0.20 a share dividend the company announced that they were including a special payout of $1.20 a share to shareholders who own the stock by the close of business on Dec. 12.
It's payable on Dec. 28th.
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Since there has to be:
a pay date (example is Dec. 28 like Guess or Dec. 31 like Oracle)
an ex-dividend date (example is Dec 12th like Guess)
an announce date (example Nov. 28th like Guess),
I'm wondering if "my" Apple will pay a special dividend.
The last pay date can be Dec. 31st. There has to be an ex-dividend date and an announce date.
It's getting late in the month for Microsoft, Google, others to announce one.
I hate to sell covered call on Apple until I know there is no special dividend.
They should.
They could pay a one time dividend of $10 per share, and only be giving back about 9% of their cash hord.
If the last day to pay one is Dec. 31st, and the last day to own the stock to get one would be Dec. 28th, and they announced it the 27th, then they have 13 more business days.
If anyone has an experience on how much time must allowed from the announce date to the ex-dividend date, I'd like to hear it. Apple needs to give some thing back to shareholders.
The keys to $800-$900 + are:
a. special dividend.
b. stock split.
c. blowout earnings late Jan.
d. blowout earnings late Apr.
e. Apple TV.
f. music service designed to destroy Pandora.
g. increase their regular dividend.
A special dividend is basically a non-event since shareholders will lose the same amount in share price on the ex-date.
The only reason anyone should care is to capture a possible increase in share price as the uninformed jump into the stock to "collect the easy dividend" as the ex-date approaches.
A special dividend is basically a non-event since shareholders will lose the same amount in share price on the ex-date.
I don't think Apple would fall $10 the ex-dividend date if they paid a $10 special dividend.
The consensus opinion is that it would make the stock go up. No one needs $120 billion in cash and some should be returned to shareholders.
Microsoft gave a $3 dividend a few years back when it was under $30.
Now that, made the stock go down, ex-dividend, but it recovered.
With Apple at $510, I would not expect it to crash to $500 on the ex-date.
I don't think Apple would fall $10 the ex-dividend date if they paid a $10 special dividend.
It definitely WILL fall $10. It's not traders/investors who will drive the price down $10--it's a mechanism of the exchanges to adjust all standing GTC orders down by the amount of the dividend. At that moment in time, the dividend payout is a wash, a non-event. Whether it goes up or down before or after that is up to the market, as always.
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