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Book Closure date (also known as the record date or ex-dividend date) is the date that a shareholder must hold the stock to receive certain benefits (like share bonus issue, splits and dividend payments). When shares of a joint stock company invariably change hands during market trades, identifying the owner of some shares becomes difficult. So it is difficult to pass on certain benefits.
The ex-dividend date (coinciding with the reinvestment date for shares held subject to a dividend reinvestment plan) is an investment term involving the timing of payment of dividends on stocks of corporations, income trusts, and other financial holdings, both publicly and privately held. The ex-date or ex-dividend date represents the date on ...
The dividend payment date occurs sometime after the dividend record date. The stock will trade on an ex-distribution basis (adjusted for the amount of the dividend paid) on the trading day after the dividend payment date, and thereafter.
Record date: Investors who are recorded as shareholders as of this day will receive the dividend payment. Ex-dividend date: This is the day when shareholders who purchase the stock will no longer ...
The dividend record date establishes when shareholders are eligible to receive dividend payments. Anyone who owns shares before the record date will collect the dividend, while anyone who owns ...
If you purchase stock on or before the ex-dividend date and then hold it for at least 61 days before the next dividend is paid, then the dividend is a qualified dividend.
This page was last edited on 10 August 2009, at 21:28 (UTC).
The ex-dividend date is the last day that the shareholder has the rights to any dividend dispersed at the next payout date. In other words, the person who buys the stock before the ex-dividend ...