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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.
Ex-dividend date: This is essentially a cut-off date. In other words, if you buy shares on or after this date, you won’t get the next dividend the company is scheduled to pay.
It gets worse if the record date is not a business day - then the ex-dividend date is the business day before the business day BEFORE the record date. To quote the article, "The ex-dividend date is normally the business day (2 days minus 1) before the record date." This edit may help. Art LaPella 15:16, 27 February 2024 (UTC)
U.S. Federal Income Tax Treatment. Distribution. Record Date. Ex-Dividend Date. Payment Date. Distribution Per Maxygen Share ($) Ordinary Dividend. Non-dividend
Let's explore two healthcare sector dividend stocks that could make a fantastic addition to your portfolio if there's a stock market sell-off. Two people in a living room setting reacting to ...
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.
With the sell-off in dividend stocks, the fund currently offers investors a 3.8% dividend yield based on its last payment and recent share price. At that rate, a $500 investment in the ETF would ...