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Say a stock is trading at $30.12 per share on the cum-dividend date.On the ex-dividend date, you know it will trade at $28.62.The dividend amount
Say a stock is trading at $30.12 per share on the cum-dividend date.On the ex-dividend date, you know it will trade at $28.62.The dividend amount is $2.33 per share.Say your tax rate is 30%.If you bought the stock on the cum-dividend date and sold it on the ex-dividend date, what would be your profit or loss?Assume you are only taxed on dividends (not capital gains or losses).
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