Question about dividends....

[abk33139]

At the risk of embarrassing myself, I have a question. One of my stocks (BOO) is paying a dividend of $.25, per share. You had to own the stock on 12/30/04, which I did and the payment date is 1/27/05. How do I 'get' the dividend? I invest through my 401k. Will I receive it in the form of stock or will money go to my 401k? Any thoughts would be appreciated.

Thanks,
Alison

[billyjoe]

Alison,
Good question. When you filled out the papers for your 401k they probably asked whether you wanted to reinvest dividends in stock or put the cash in a money market fund that will stay as retirement $. The same thing happened to me . I've got several different accounts and they tell me I told them two different things, but I don't recall that. Anyway, when MSFT paid their one time 3.00 per share it went to cash in one account and stock in the other. The bad thing was I sold the first bunch of MFST before the second was sent to the account and I had to pay the brokers fee to sell the stock purchased with the 3.00 per share separately.
billyjoe

[abk33139]

You're right - I do remember filling out that part of the form.

Thanks!
Alison