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Do I have to own a stock for a certain amount of time to get paid the stated dividend/yield rate?
I have owned Diana Shipping (DSX) for about 6 months now and have yet to receive any sort of dividend either quarterly or annual (DEC07). Its stated dividend is $2.40 or 8.6% which would really help to offset the dump that it has taken since I aquired the stock. Would the dividends be automatically used to purchase new shares at that distrobution days price? That is how my brokerage account is set up anyways.
3 Answers
- TedLv 71 decade agoFavorite Answer
You only have to own the stock at the close of business on the last day before the ex-dividend date.
DSX has paid 2 divs since November (see below) If you set up dividend reinvestment, then you would get stock not cash. For the timing of when the stock shows up in your account, it depends on the brokers div-reinvestment plan, so you have to call them for details.
- Ron BerueLv 61 decade ago
Go to the company's website. look under the tab "Investor Relations".
The information you're looking for might be found in that tab. You could also e-mail the company.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
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Contact the company's shareholder services dept. - they can tell you.
