[QUOTE=Hog's Gone Fishin;14337437]
Quote:
Originally Posted by rydogg58
From what I recall, the stock price will drop by the amount of the quarterly dividend payout amount the last day you are eliguble to get a dividend. As far as I know, there is no set amount of time you have to own the stock, other than 2 business days prior to that date.
I bought Coke stock a day or 2 before this last dividend payment which was on 7/1 and still got the dividend payment on it.[/QUOTE
But the stock price is determined by investors buy and sell orders. Right???
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Sure, but this is all over my head, so it may have something to do with the SEC. There's money to be made with dividend stocks, but buying them and selling as soon as the dividend is paid doesn't seem to be the smartest way to go. Or else we would all be rich off a guaranteed payout amount every quarter.