Can someone explain why this scenario is not possible:
TSE:SCC
Sears canada announces special dividend of 3.5 and you have to own the stock before Sept. 22
http://www.theglobeandmail.com/globe-investor/sears-canada-to-pay-special-dividend/article1703437/
What is stopping me from buying the stock today collect the dividend and sell the stock on Monday?
TSE:SCC
Sears canada announces special dividend of 3.5 and you have to own the stock before Sept. 22
http://www.theglobeandmail.com/globe-investor/sears-canada-to-pay-special-dividend/article1703437/
What is stopping me from buying the stock today collect the dividend and sell the stock on Monday?