Friday, July 3, 2020

date of record and receiving dividend?

Jorge Detlefs: Yes you will get the dividend if you sell on the date of record. You only need to own the stock at market open on the ex-dividend date to get it. Since it takes 3 business days for a trade to settle, you can sell on ex-div date or later and you still own it on the date of record.There are four dates relating to dividends:Declaration date: The date on the dividend is announced, providing information such as the amount of the dividend, the date of record, and the payable date. Ex-Dividend date: On, or after, this date the stock trades without its dividend. Buy on this date you don’t get the dividend. Sell on this date and you still get the dividend. The ex-date is the second business day before the date of record. Date of Record: You must be the owner of record on this date. Buy before the ex-div date and you will be.Payment date: The date the dividend is paid. Usually two to six weeks after the date of record. It varies with each company....Show ! more

No comments:

Post a Comment