NSAV Holding Inc (NSAV)

[Major Profits]

Just stumbled across something else. I was under the "misconception" that an investor must be a shareholder on the "record Date". Apparently, that isn't true. (Although to get divis, your buy must still settle on or before the "record date".)

So instead of having to wait until the record date, a person (who intends to sell) only has to wait until the "ex-dividend date". Which, in this case would now be Aug. 28.

https://ih.advfn.com/p.php?pid=staticchart&s=NO%5ENSAV&t=37&p=4&dm=0&vol=0&width=670&height=600&min_pre=0&min_after=0

2. Ex-dividend Date
As of the ex-dividend date, buyers of this stock will no longer be entitled to receive the declared dividend and the stock is said to thereafter trade “ex-dividend” (without dividend). Before trading opens on the ex-dividend date, the exchange marks down the share price by the amount of the declared dividend.

Another important note to consider: as long as you purchase a stock prior to the ex-dividend date, you can then sell the stock any time on or after the ex-dividend date and still receive the dividend. A common misconception is that investors need to hold the stock through the record date or pay date.

Ex-dividend dates are the single most important date to consider whenever buying a dividend-paying stock. Thus, we strongly encourage readers to use our ex-dividend calendar.

3. Record Date
The record date is simply the date where the company looks at its ledger and determines to whom they send the dividend checks (“the holders of record”). The record date is always two business days after the ex-dividend date (business days being non-holidays and non-weekends). This date is completely inconsequential for dividend investors, since eligibility is determined solely by the ex-dividend date.

Thing is that, although the article is true, it certainly appears to me that the "ex-dividend date" itself (2-business days before the record date) is there because a trade takes 3 days to settle.

But the T+3 settle time will change Sept. 5, I think it is, when it becomes T+2. So will the "ex-dividend date" change also? Guess we'll find out.

$NSAV