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Consider the following sequence of dates: June 5: You buy 3,000 shares of stock X June 20: The company declares a $.30 per share dividend
Consider the following sequence of dates:
June 5: You buy 3,000 shares of stock X
June 20: The company declares a $.30 per share dividend to shareholders of record.
July 9: You sell 400 shares of Stock X for $21 / share.
July 10: Dividend record date
July 18: You buy an additional 400 shares of Stock X at $22.50 / share
July 31: Dividend payment date
How much dividend income will you receive on July 31?
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