Monday, August 31, 2009 1:46:19 AM
that the dividend is normally sent out
a week or more after the record date.
"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."
Checked a couple of companies who had paid stock
dividends and they both put their payable dates
about 2 weeks after the record date.
(Didn't check the rule on FINRA)
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