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Dividend
Dates Explained
Declaration Date: date that dividend is announced.
Ex-Dividend Date: first day that
new buyers are not eligible to receive dividend.
So, to collect a dividend, you must purchase prior to the ex-dividend
date. If you did that, you can sell on the ex-dividend date and still
collect the dividend.
Owner of Record Date: whoever is
the official owner on this date gets the dividend. Since it takes three business days
to be the owner of record, the ex-dividend date is two business days
before the "owner of record" date.
Payment Date: date
a dividend is
deposited into your brokerage account.
For more dividend terms, click
here.
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