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Re: Defuser post# 3396

Saturday, 08/28/2010 7:52:11 PM

Saturday, August 28, 2010 7:52:11 PM

Post# of 31300
You only have to buy the stock sometime prior to the ex-dividend
day and hold for part of the day one day after ex-div date in order
to receive the dividend. From Wikipedia ---

"You do not have to sell the stock after the record date to be entitled to the dividend. However, you must hold and sell your stock on the ex-dividend date or after to be entitled to the dividend payment. In this example, assuming that you purchased the stock one day before the ex-dividend date, you would be a stockholder on the record date. If you sell the stock on the ex-dividend date, the buyer of your stock would be a stockholder one day after the record date given the three stock business trading day settlement. The person that bought your stock would not be entitled to receive the dividend.

You may own the stock for one day only (the Record Date) to be entitled to receive the dividend payment. If you buy before the ex-dividend date, and sell on the ex-dividend date or after, you will receive the dividend payment."
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