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Dividend pay out?
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Alligator
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04-Dec-2009 19:18
Yells: "learning from past " |
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remember the true meaning of EX-Dividend: it means all BUY and SELL are WITHOUT dividend. So trading on XD date or beyond means: 1. Seller sold withour dividend, therefore, seller KEEP the dividend 2. Buyer buy without dividend, so Buyer do not get dividend. Answer to your question: if you sell on XD date, you are seller so you keep the dividend.
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Raindrops
Member |
04-Dec-2009 18:46
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Oh okok! Many many thanks! So if i sell it during the Xd date, i will still be entitled the dividend. So i just need to hold the stock till Xd date? :) | ||
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Alligator
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04-Dec-2009 18:33
Yells: "learning from past " |
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Please DO NOT get confused by Book Closing DATE. Don't use that date!!!! Most important date is EX-Dividend Date, on that day all transactions are WITHOUT dividend. So you buy one day before XD, it means you buy Cum Dividend or on CD, so you are eligible for dividend. |
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Raindrops
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04-Dec-2009 18:22
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Can i ask if i am still eligible for dividend pay out even i purchase the stock 1 day before the Xd (book close dates) | ||
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