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by kgwgk 3237 days ago
Why wouldn't it make sense? If you buy a stock don't you expect to get dividends? You may have bought it from a short seller. Or you may have loaned it to a short seller (brokers often do that without your knowledge, but with your permission). Everything balances out because the company will pay to Z and X will pay to Y. What doesn't make sense is for both Y and Z to vote, for example.