RE: RE: RE: AVF Monthly Dividend DeclarationEx-date is cute to work with. If record date is the 30th you can find ex-date on your broker's pages and on the TMX pages at:
https://tmx.quotemedia.com
Ex-date is the third business day prior to record date.
When the record date is the 30th, during the week then the ex-date can be the 27th., but adds days over the weekends.
We can buy the stock near the end of the 27th and sell it in the morning of the 28th (ex-date) and be the holder that gets the dividend. Simple way to think of it is that if you are the owner of a stock on the 27th, the day before ex-date, at market close, as you go to bed, you can get up on ex-date, the 28th and sell it at open and be the person who qualified for the dividend of record date of the 30th. The owner at the end of the day on the 27th is the owner recorded for payment of that dividend. The dividend paying company by law is allowed 3 business (trading) days before RECORD DATE to verify the owner of the stock qualifying for the dividend.
It can be confusing, I know traders with big accounts who miss dividends from not understanding ex-date, record date and payment date. They often buy on ex-date thinking they qualify when they do not, they needed to buy and own at open of ex-date, therefore buy the trading day prior.