RE: Should be an interesting week Tuesday is the last day to buy in order to get the $0.05 divend payable Oct. 2nd.
So if anyone wants the $0.05 quarterly divend they have 2 days to buy. atb
Mart Resources to pay five-cent dividend
2012-09-06 17:37 ET - Dividend Declared
The issuer has declared the following dividend.
Dividend per common share: Five cents
Payable date: Oct. 2, 2012
Record date: Sept. 14, 2012
Ex dividend date: Sept. 12, 2012
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
- Declaration date - This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
- Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
- Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
- Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Read more: https://www.investopedia.com/articles/02/110802.asp#ixzz261W9ASdg