Replies to post #259 on Credit Suisse X-Links Crude Oil Shares Covered Cal (USOI)

[shotsky]

The dividend goes to whoever owns shares at market open on ex-div day.

[tknuncle]

Welcome castaways ;). Glad to have a new face join us. You have to own your shares on the morning of 4/19 at the opening. The dividends are good here. It doesn't take long to see your acct going up with the monthly dividends. I hope you got in on time for the .1938 for April. GLTA

[GO4AWILDRIDE]

castaways

The real answer is this:

You have to own the stock on the day before the ex-date.
So this months EX-DATE of 4/19/2022 means you had to buy it on 4/18/2022 OR BEFORE.

The EX-DATE is the start of the NEXT DIVI CYCLE, meaning if you bought the stock on 4/19/2022 you would be in line to receive the following months DIVI provided you held it thru the next EX-DATE.
The DATE OF RECORD is nothing to concern yourself.

Hope this helps you understand when and for how long you must hold a stock to be in-line to receive the DIVI.


GO4AWILDRIDE