Thanks
If you decide upon Royal Dutch, be sure to buy the “B” shares which are exempt from foreign tax withholding. Eg; “RDS-B” or RDS.B”.
Thanks and bookmarked for later.
Still a small gain for a stock market risk. Yes, it won’t go bankrupt, but you can still lose money.
dasterdly oil companies
INCIDENTALLY:
*ALL* of these companies >>JUST PAID<< their dividends; more precisely, they all just went “ex-dividend” in early May. In order to receive (be >eligible< to receive) a given dividend for a given stock, you must be a valid owner of that stock on the so-called “ex” date. And more specifically, you have to be a T+3 cleared owner of said stock on the ex date. Diff companies have slightly different policies as to exactly when you have to be long the stock (not options, options are ineligible to rec divs)
XOM: May 11 (and Aug ~11 and Nov ~11 and Feb ~11)
RDS: May 09 (and Aug ~09 and 11/~09 and 2/~09)
COP: May 12 (and Aug ~12 and Nov ~12 and 2/~12)
The key is to be long the common on the ex date.
So what?
This means that there is no need whatsoever to rush out and buy any of these companies tomorrow (even though they got
smacked pretty well today on the ~~$2 drop in oil)
With about 90 days between div eligibility, these stocks went “ex” about 15 days ago, thus one would have about 70 days (giving 5 days for slop) to buy the stock. So if one had a mind to buy any of these long, one could wait to buy same any old time in the next 70 days.