Dividend Capture

[kds99]

Im a new trader so forgive me it this is a dumb question.

When a stock pays a dividend to the shareholders of record on ***** date.  What is considered a share holder of record?  Does the purchase of the stock have to be settled to be considered of record?

Also they will normally say to be paid on ***** date.  Do you still have to own the stock on that date?


Thanks for the help

[stocky]

Yes you need to held that stock by the end of that trading day. Dont know the settlement thing but for this it will be good to give a call to your broker.

[cjm]

kds,

The link below does a good job explaining the terminology(Scroll all the way to the bottom).

http://www.investopedia.com/articles/02/110802.asp

[kds99]

Thank you

That is the answer i was looking for.