Thread: Investing 102
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Old 01-11-2014, 06:04 PM
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Sieg Sieg is offline
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Quote:
Originally Posted by GregWeld View Post
You have a settlement date before they went EX?


When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
I thought I honestly thought was ahead of the Ex date, but obviously I was not.

Trade Date: 12/30/2013
Settle Date: 01/03/2014
Ex Date: 12/26/2013

Not the first time I've tricked myself.........regretfully it won't be the last either.

That was TWO bags of dog food!
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