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Re: TraderRich post# 120

Thursday, 06/12/2008 10:32:31 AM

Thursday, June 12, 2008 10:32:31 AM

Post# of 1404
Declaration date– the date on which the dividend is announced.

Ex-date or Ex-dividend date– You must buy no later then ONE day before the ex-dividend date to get the dividend. If you buy on the ex-dividend date, you won't get the dividend.
If you want to sell a stock and still receive a dividend that has been declared sell on (or after) the ex-dividend day.
The ex-date is the second business day before the date of record.

Date of record– the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.

Date of payment (payable date) – This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.

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