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    investor99's Avatar
    investor99 Posts: 1, Reputation: 1
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    #1

    Jul 22, 2009, 10:21 AM
    Declared dividends
    A company delcared a dividend with an ex-dividend date of 7/22/09 and will pay the dividend to shareholders of record on the close of business on 7/24/09. Do you have to own the stock through 7/24/09 or can you sell it on the ex-dividend date?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 23, 2009, 01:10 AM

    "... on the close of business on 7/24/09." Doesn't that kind of already answer the question?

    Besides, why not keep it one extra day? (OK, three more days since that's a weekend.)
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Jul 23, 2009, 12:13 PM

    To get the dividend you must own the stock as of the close of business on the day before the ex-dividend date. So in your case you can sell on 7/22 (or later) and you will get the dividend. The 7/24 date is immaterial in this. For most companies the x-div date is typically a couple of weeks before the date they send out the checks.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Jul 23, 2009, 03:35 PM

    Ha - I totally mis-read that. I didn't even see two dates. Sheesh. :-)
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