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Buying dividends before they are issued...

Posted on 3/25/23 at 11:51 am
Posted by Auburn1968
NYC
Member since Mar 2019
25198 posts
Posted on 3/25/23 at 11:51 am
Discussion yesterday on Seeking Alpha about who gets dividend. Someone sold a dividend producing stock after the final dividend was announced on the belief that owning it at the announcement would mean it was going to be distributed to him. Others, said no that it goes to whoever owns the stock at the time of actual distribution.

Thoughts?
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4649 posts
Posted on 3/25/23 at 11:53 am to
Usually say a blank dividend will be paid to stockholders holding stock x date and beyond.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53116 posts
Posted on 3/25/23 at 12:38 pm to
It goes to whoever owned the stock on the Ex-dividend date.

I have sold stocks many times and still gotten the dividend payment later on while holding zero shares.

Many sites like Marketwatch publish the Ex-dividend date.
This post was edited on 3/25/23 at 12:42 pm
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44205 posts
Posted on 3/25/23 at 1:30 pm to
quote:

It goes to whoever owned the stock on the Ex-dividend date.


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