Shares dividend question..?

Question

i checked a stock i bought, it has a dividend date of 29th august.

so if i bought this stock on 29th, will i still be able to get the dividend?

or does it have to be 1 day before?

thanks

Answer 1

No, you have to buy it before it goes ex-dividend. On or before the ex-dividend date. But keep in mind the stock will usally drop the amount of the dividend around this date unless it's affected by another factor.

Answer 2

To get the dividend you have to buy the stock in time to be recorded as owner, by the EX-dividend date.

Anna del C.

Author of "The Elf and the Princess"

and "Trouble in the Elf City"