Some people mistakenly believe that all they have to do is own the stock on the date of record to get the dividend. After the date of record is announced and has passed, they think they can sell the stock and still be entitled to the Dividend because they owned it on the date of record. However that is not correct. If you sell your stock before the Dividend is distributed, you also sell your rights to the dividend along with the stock. So if you want the dividend, you need to hold the stock.
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