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Rock_nj

11/23/09 3:04 PM

#51324 RE: venomen2002 #51323

I've been through this before with other stocks, and sometimes the company itself gets it wrong in their PR (I've seen that happen). Record dates are important for splits. But for stock dividends or any dividends, the ex-dividend date is the only date that matters. I'm sure that this will be asked over and over again, and debated on this thread until the ex-dividend date, but I have been through it before and even called Ameritrade to confirm, it is the ex-date that determines who gets a dividend.
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jsb741

11/23/09 3:16 PM

#51328 RE: venomen2002 #51323

"Shareholders who properly registered their ownership on or before the date of record, known as stockholders of record, will receive the dividend. Shareholders who are not registered as of this date will not receive the dividend. Registration in most countries is essentially automatic for shares purchased before the ex-dividend date."

Veno sorry for the ignorance but how does one "properly register their ownership?" My wife has her shares in an IRA with E-Trade and I have my shares in an IRA with Scottrade. TIA
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GOLFNH

11/23/09 3:30 PM

#51333 RE: venomen2002 #51323

Bottom line if you do not hold on the morning of ex date you do not get the shares! I deal in Corporate Actions for several thousand mutual funds and that is how it works. The record date means nothing to shareholders. See my earlier post.