Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
When I buy a stock, does the trade have to settle before the record date in order to receive the dividend? For example, the record date for company XYZ is 3/14. I buy the stock on 3/12, but the trade doesn't settle until 3/17, am I eligible to receive the dividend?
Print the post Back To Top
No. of Recommendations: 1
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:

Print the post Back To Top