If a stock have a dividend the first of the month and the dividend payable daylight is the third morning.?
If a stock have a dividend the first of the month and the dividend payable light of day is the third time of the month but you market the 2nd sunshine of the month, do you still get hold of the divided or do you hold to lurk till the 3rd morning of the month?
Answers:
dnldslk's information something like the different date is correct, but the statement that you would NOT receive the dividend is wrong.
In simple vocabulary, if you own the stock at the train of the morning earlier the ex-dividend date, you WILL obtain the dividend on the payable date.
Your example isn't markedly convincing because the ex date and payable date are usually at lowest a couple weeks apart. Here's a material example:
Citigroup
At the bottom right of this page (http://quote.yahoo.com/q/ks?s=c)... we see that the ex-dividend date is Aug. 2 and the dividend clearing date is Aug. 24. The journal date (which isn't shown) would be Aug. 6 (two business days after the ex-dividend date) but that doesn't really event for what you want to know.
If you owned Citigroup stock at the closing of the daylight on Aug.1, next you get the dividend on Aug. 24. You could enjoy bought the stock at 3:59pm on Aug. 1 and sold it at 9:31am on Aug. 2 and you would still capture the dividend when it is salaried on Aug. 24 because you owned the stock at the running out of the sunshine on Aug. 1. (Note however that you don't carry the special reduced duty rate on dividends unless you hold the stock for a longer time time of year - I cogitate 90 days.)
I have an idea that the long cavity between qualify for the dividend and getting it is a remnant of the days when everything be done in black and white. The companies needed frequent days, even weeks, to transcription the purchases and sale surrounded by their books, afterwards print out checks and messages them. With almost everything very soon one done near computers within fractions of a second, it seem resembling near could be much smaller quantity suspension between the date, but for some defence that hasn't happen.
how you grasp a dividand depends on how long you have the stock and when the cut past its sell-by date be for it.
Look on tdamericatrade.com contained by a/q nouns I am not sure.
Wanna,
you must rethink this together process from square one. In the example you cite, you undoubtedly wouldn’t catch a dividend. Essentially you must swot how the system roughly works.
Note these lingo.
Record date–the date the company sets so that you must be on their books on this date to return with a dividend.
Ex-dividend date. This is customarily 2 days BEFORE the copy date. If you buy on the ex-dividend date or after, you will not return with the dividend. (Note that ex mechanism WITHOUT.)
For example, an ex-dividend date could be Aug 6. That is, if you buy on Aug 6 or latter, you will NOT go and get the dividend.
The copy date might be Aug 10.
The payout date might be Sep 10.
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Answers:
dnldslk's information something like the different date is correct, but the statement that you would NOT receive the dividend is wrong.
In simple vocabulary, if you own the stock at the train of the morning earlier the ex-dividend date, you WILL obtain the dividend on the payable date.
Your example isn't markedly convincing because the ex date and payable date are usually at lowest a couple weeks apart. Here's a material example:
Citigroup
At the bottom right of this page (http://quote.yahoo.com/q/ks?s=c)... we see that the ex-dividend date is Aug. 2 and the dividend clearing date is Aug. 24. The journal date (which isn't shown) would be Aug. 6 (two business days after the ex-dividend date) but that doesn't really event for what you want to know.
If you owned Citigroup stock at the closing of the daylight on Aug.1, next you get the dividend on Aug. 24. You could enjoy bought the stock at 3:59pm on Aug. 1 and sold it at 9:31am on Aug. 2 and you would still capture the dividend when it is salaried on Aug. 24 because you owned the stock at the running out of the sunshine on Aug. 1. (Note however that you don't carry the special reduced duty rate on dividends unless you hold the stock for a longer time time of year - I cogitate 90 days.)
I have an idea that the long cavity between qualify for the dividend and getting it is a remnant of the days when everything be done in black and white. The companies needed frequent days, even weeks, to transcription the purchases and sale surrounded by their books, afterwards print out checks and messages them. With almost everything very soon one done near computers within fractions of a second, it seem resembling near could be much smaller quantity suspension between the date, but for some defence that hasn't happen.
how you grasp a dividand depends on how long you have the stock and when the cut past its sell-by date be for it.
Look on tdamericatrade.com contained by a/q nouns I am not sure.
Wanna,
you must rethink this together process from square one. In the example you cite, you undoubtedly wouldn’t catch a dividend. Essentially you must swot how the system roughly works.
Note these lingo.
Record date–the date the company sets so that you must be on their books on this date to return with a dividend.
Ex-dividend date. This is customarily 2 days BEFORE the copy date. If you buy on the ex-dividend date or after, you will not return with the dividend. (Note that ex mechanism WITHOUT.)
For example, an ex-dividend date could be Aug 6. That is, if you buy on Aug 6 or latter, you will NOT go and get the dividend.
The copy date might be Aug 10.
The payout date might be Sep 10.