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Mutual fund dividend payment question
Posted on 8/25/09 at 3:36 pm
Posted on 8/25/09 at 3:36 pm
Right now I am in Vanguard Wellington and have gotten the gains I wanted and am thinking about switching to Wellesley to stay more conservative. Question is, if both funds pay out dividends at the end of September and I switched right now, will I get the payment from Wellington, Wellesley, or neither?
1
Posted on 8/25/09 at 3:54 pm to Rush2112
Which one will you own on the ex-dividend date is the one. Example is if the ex-dividend date is 9/30/09, then the one you own on that date is the one that you will receive any distributions for.
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