Investing 102

[GregWeld]

Originally Posted by Sieg

Ding.......the 100 shares I recently bought must not have cleared in time to qualify as on-record. I thought they'd make the date as that was factor when buying, I'll have to check the details on this one.

Thanks.

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.