A dividend is declared payable on Nov 1 to stkholders of record on Oct 1. Must I still own the stk on Nov 1.?

Question:

If I own the stock on the day the dividend is declared effective, can I sell the stock before the actual day of payment and still receive the dividend or must I actually hold the stock until it's in my account. Thanks

Answer:
if you own it on ex-div day, you will rec. your dividend.

you can sell on oct 2 and still receive your div.

you have to wait for ex dividend date. If you check stock profile on yahoo, or web site of stock company it can give you ex dividend date. After that you can sell your stock. However, if dividend consists of bonus stock instead of cash then you have to wait until Nov 1st.

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 date. The ex-date is the second business day before the date of record. For October 1, 2006 that date is September 28, 2006.

A dividend is declared payable on Nov 1 to stkholders of record on Oct 1. Must I still own the stk on Nov 1.?

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