Sean,

I hope your new job prospect is going well for you & your family. My prayers are with you, and I appreciate the hard work you do for us in Logical Investor.

My question is about an upcoming dividend for MBT. Soon it will announce the dividend amount. It seems that I have to be holding the stock for at least two days before that date. How soon can I sell the stock and still be eligible to receive the dividend? Can I sell anytime on the ex-dividend date, or do I have to wait to sell the day after? I noticed that some stocks prices drop right after the ex-dividend date.

Right now, MBT the stock is heading higher, wave 3, (as you said before). The tremendous volatility of the stock is a consideration for me selling it as well. At least, I would think so. I am only slightly up on the stock right now, and that is taking into account the last years' dividends. It might reach a sell point before this years dividend announcement. Is it better to sell a stock when it is up 25-20%, or wait for the ex-dividend announcement? It is very close to the dividend date, but may not be wise for me to wait to sell if this stock reaches a larger margin of profit. What do you think?

Thanks a lot.

Comments (13)
No. 1-4
Sean Hyman
Sean Hyman

Editor

Thank you. Yes, it's a process. I won't know on the new thing for probably another month or two. Thanks for the prayers.

Stocks typically drop by the amount of the dividend around the time of the dividend. It prevents someone from going in the day before and then getting the dividend the next day and then selling out. You'd want to hold it past the ex-dividend date.

The percentage you're up matters far more than waiting for the dividend though. It's only if you can do both that it's the icing on the cake.

$10-$12 zone is the next target/resistance area. Yes, it looks like its in a long-term wave 3 and Russian stocks are rallying broadly right now. So that's a good sign.

Peej1
Peej1

Thanks, Sean. The $10-$12 zone would be fine for me. I would take profits then, even without the dividends. BTW, if you were teaching in the Los Angeles area, I would go to a class or two if I was not working.

sleep25
sleep25

Sean: So if my breakeven in MBT is $13, I guess I've got a much longer wait until it goes above the resistance of 10-12

Bsp1228
Bsp1228

With dividends from the last 2 years alone (June 2017 to June 2019), my break even price was reduced by $1.70...and I have been in MBT since 2014...



shmcc2000
shmcc2000
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