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I'm talking about not paying attention to the ex-dividend date of a stock I am I know I have, and have wanted to knock my head against the wall for doing it. Don't Lose Track of the Ex-Dividend Date
Dividend stripping is the practice of buying shares a short period before a dividend is declared, called cum-dividend, and then selling them when they go ex-dividend, when the previous owner is entitled to the dividend. On the day the company trades ex-dividend, theoretically the share price drops by the amount of the dividend.
Thus the key date for a stock purchase is the ex-dividend date: a purchase on that date (or after) will be ex (outside, without right to) the dividend. If, for whatever reason, a share transfer prior to the ex-dividend date is not recorded on the register in time, the seller is obligated to repay the dividend to the buyer when he receives it.
The stock is expected to become ex-dividend 1 business day(s) before the record date. Churchill Downs, whose current dividend payout is $0.62, has an ex-dividend date set at December 3, 2020.
The stock is expected to become ex-dividend 1 business day(s) before the record date. Weyerhaeuser, whose current dividend payout is $0.17, has an ex-dividend date set at December 3, 2020.
Conversely, if you buy stock after the record date but before the ex-dividend date of a large special dividend, you are entitled to the dividend and will receive it via the due bill process. As is the case with all dividends, if you sell your stock prior to the ex-dividend date, within the due bill period, you relinquish your right to the dividend.
One Liberty Properties has an ex-dividend date planned for December 16, 2020. The company's current dividend payout sits at $0.45. That equates to a dividend yield of 9.84% at current price levels ...
The stock will then go ex-dividend 1 business day(s) before the record date. Hecla Mining has an ex-dividend date planned for March 5, 2021. The company's current dividend payout sits at $0.01.