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Zecco.com » General Investing » Portfolio Building » About dividends-clarification
Last post 06-09-2009, 4:18 PM by GoldStandard. 2 replies.
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  •  06-09-2009, 3:22 PM 58566

    About dividends-clarification

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    Ex-dividend: To receive a declared dividend the shares must be purchased before the ex-dividend date. If you buy on or after ex-dividend date you are not entitled to receive the current dividend.

    Record date: The record date is the date by which an investor must be registered as a shareholder to be entitled to a dividend.

    Payment date: The date of which the dividend is paid out.

    My question is if you are a current shareholder and want to sell but still collect the dividend, can the shareholder sell his shares on the record date and still collect or does he have to wait until the next trading day to keep the dividend?

    Eliminate tax corruption. Support the FairTax and know freedom and liberty as intended by our forefathers. Make April 15th just another spring day. Get big brother out of your finances. All debts public or private. FairTax.org for details.

  •  06-09-2009, 4:17 PM 58570 in reply to 58566

    Re: About dividends-clarification

    Reply Quote
    matttrades:

    Ex-dividend: To receive a declared dividend the shares must be purchased before the ex-dividend date. If you buy on or after ex-dividend date you are not entitled to receive the current dividend.

    My question is if you are a current shareholder and want to sell but still collect the dividend, can the shareholder sell his shares on the record date and still collect or does he have to wait until the next trading day to keep the dividend?

     

    You have the answer to your own question in the post. If you own the stock and sell on or after the ex-date then you collect the dividend.

  •  06-09-2009, 4:18 PM 58571 in reply to 58566

    Re: About dividends-clarification

    Reply Quote

    You can sell on the ex-dividend date. The time between ex and record date just gives them time to sort the records.
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