GREY:LSTMF - Post by User
Comment by
Mastermind_9999on Oct 17, 2011 11:06am
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Post# 19155666
RE: Ex-Div date versus Record date
RE: Ex-Div date versus Record dateYeah, you miss the Sept. dividend.
If you buy on or after the EX date, you don't qualify for that month's divi.
The "As of Record Sept 30th" date is simply the time that it takes for your purchase or sale to settle (3 business days). If you bought on the 27th, your shares would have been settled by the 30th, so you would qualify.
If you buy on the 28th, your shares settle Oct 1st, so you don't qualify (as you aren't a shareholder on record by Sept 30th).
Does this help?