Will Scottrade adjust my trailing stop order if the stock goes ex-dividend?
Yes, Scottrade will adjust the trigger price for your trailing stop order if the stock goes ex-dividend. For Trailing Stop Sell and Trailing Stop Buy to Cover orders, the trigger price will be reduced by the amount of the dividend. This applies to normal dividends only; special dividends can result in order cancellation. Stop and Stop Limit Requirements Stop orders must be placed at least .10 below the current bid or above the current ask. Scottrade has established this guideline due to the possibility of the order being invalid if the market price moves below the designated sell stop price or above the buy stop price. Note: Stop and Stop Limits are not accepted for Bulletin Board/Pink Sheets orders through either the internet site or through a broker.
