OK here it is
Thank you for contacting TD Ameritrade.
I am happy to assist you. The trade does not have to be settled in order to qualify for a dividend. Please know there are three dates referenced with dividend payments: the Ex-Dividend Date, the Record Date, and the Payable Date.
-The Ex-Dividend Date is the most important date to keep in mind. In order to receive a dividend, you have to own the shares before the ex-dividend date. The stock price is lowered by the dividend amount prior to the market open, so it is the first day a stock is traded without the dividend added into the price.
-The Record Date is usually two business days after the Ex-Dividend Date. The Record Date indicates who the dividend will be delivered to which is determined by whether you owned the stock on the Ex-Dividend Date.
-The Payable Date refers to the day the company expects to pay out the dividend. The dividend is usually paid at the end of the day. If your account has dividend reinvestment, it may take 1-2 business days for the new stock to be added.
Please note that dividend information is subject to change at any time by the issuing company.
For further information regarding dividend dates, please refer to the SEC web site: http://www.sec.gov/answers/dividen.htm
If there is anything else I can do for you, please reply to this e-mail. Your business is appreciated and I want to make sure I address all of your questions and concerns.
Thank you for contacting TD Ameritrade.
I am happy to assist you. The trade does not have to be settled in order to qualify for a dividend. Please know there are three dates referenced with dividend payments: the Ex-Dividend Date, the Record Date, and the Payable Date.
-The Ex-Dividend Date is the most important date to keep in mind. In order to receive a dividend, you have to own the shares before the ex-dividend date. The stock price is lowered by the dividend amount prior to the market open, so it is the first day a stock is traded without the dividend added into the price.
-The Record Date is usually two business days after the Ex-Dividend Date. The Record Date indicates who the dividend will be delivered to which is determined by whether you owned the stock on the Ex-Dividend Date.
-The Payable Date refers to the day the company expects to pay out the dividend. The dividend is usually paid at the end of the day. If your account has dividend reinvestment, it may take 1-2 business days for the new stock to be added.
Please note that dividend information is subject to change at any time by the issuing company.
For further information regarding dividend dates, please refer to the SEC web site: http://www.sec.gov/answers/dividen.htm
If there is anything else I can do for you, please reply to this e-mail. Your business is appreciated and I want to make sure I address all of your questions and concerns.
