Tuesday, November 25, 2014 5:56:22 PM
The Ex-Dividend Date is therefore the close of trading today (11/25/2014). This is due to the logistics of the stock market as US Stock market trades settle T+3 (3 days for settlement of all trades). The last day to purchase mCig, Inc. shares and be recorded as a record owner before the record date (11/28/2014) is today.
The ex dividend date is actually the 29th of November is what they are saying based on the T+3. They have said it in an awkward way, that's all.
Capital one investing states the following in regards to settlement days counted:
Tip: Bank-only holidays like Columbus Day and Veterans Day aren't considered settlement days. To view a list of all market holidays, check out our Holiday and Trading Calendar.
Thanksgiving counts as a settlement day because it isn't just a bank holiday.
Shares bought today do get the dividend.
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