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Subject:  Re: settlement date/record date Date:  3/6/2014  1:58 AM
Author:  TMFSandman Number:  2201 of 2244

The two dates that matter here are the trade date and the ex-dividend date. As long as the trade is made before the ex-dividend date you'll get the dividend.

The settlement date and the record date don't explicitly factor in here and that's due to the existence of the ex-dividend date. The ex-dividend date is usually set two business days before the record date. Those two days allow trades to settle.

Using your example, my guess is that the ex-dividend date would be 3/12, so you'd have to buy before that date to get the dividend, not on that date.

Here's the SEC's more detailed explanation:

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