GREY:CRIUF - Post by User
Comment by
dm27427on Jan 16, 2019 1:00pm
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Post# 29240402
RE:RE:RE:Everyone is partly right and partly wrong...
RE:RE:RE:Everyone is partly right and partly wrong...The dividend will be declared on the 15th day after quarter end, but that does not mean that going forward that that date is the date of record to qualify for payment.
If Q1 dividend pattern holds, Q2 will work like this: dividend declared July 15 for those holding shares on Aug. 31 (the record date) and to be paid Sept 15.
For Q2, dividend declared Sept. 15 for those holding shares on Oct. 31 (the record date) and to be paid Nov. 15.
The six week gap from declaration to record date (8 weeks from end of quarter) and payment date 10 weeks or so after end of the quarter has raised questions (and rampant speculation and confusion: viz this bullboard!), for sure. Especially for a high dividend monthly payer, which attracts a different kind of investor.