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Vodafone Group Public Limited Company Message Board

  • sam_boy4u sam_boy4u May 23, 2011 1:36 PM Flag

    Can I buy VOD now for dividend

    Ex-dividend date is first week of June, so can I buy VOD now to get the dividend?

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    • In retrospect I could have made it clearer by saying "buy before X-Dividend day", when I typed it that is what I meant, when I said "buy by X-Dividend date" but it didn't read that way, sorry if it confused anyone.

    • "what's wrong about that?"

      What's wrong with it? Can't you read your own writing?

      You said the ex-date is the "Date you should buy in order to qualify for the "record date"".

      Buy on the ex-date to get the dividend? Of course not.

      That's what was wrong with your first attempt.

      Now, in your reply, you have it right: "You have to have bought before the X-Dividend date in order to get the dividend."

    • Many publicly traded companies pay dividends to their stockholders. The question of who should be paid dividends becomes complex, as these companies are continually being traded and the composition of their shareholders changes each day. To settle this question, companies designate a date, known as the record date. Dividends are paid to the list of shareholders who hold stock on the record date. The process is further complicated by the fact that it takes time for a stock purchase to "clear" or "settle." To allow time for this processing, stock exchanges set a date โ€” generally two business days prior to the record date โ€” known as the ex-dividend date. Someone who purchases the stock on or after the ex-dividend date will not receive the dividend, as the purchase will not "settle" by the record date, and therefore the buyer will not be on the list of shareholders to which the company pays its dividends. Dividend payment is made on a separate date known as the dividend date, typically after the record date.

    • what's wrong about that?

      You have to have bought before the X-Dividend date in order to get the dividend. If you don't buy before that day you will not get the dividend.

      If you have something else to add, enlighten us with your knowledge old wise one.

    • "Ex-Dividend Date: Date you should buy in order to qualify for the "record date""

      Absolutely wrong.
      Maybe you could learn what you're talking about before you try to council others?

    • It will go down by the dividend amount and then after that it is up to the market (like any other trading day) on whether it goes up or down after that.

      To answer your other question you are free to sell your VOD position tomorrow if you choose and WILL receive the full dividend, but my recommendation is to hold on to this one and reinvest the dividend you receive into more shares, which should be free depending on your broker. Over time your position will grow just like compound interest (with your dividends getting you more dividends).


      Remember:
      Record Date: Day you must own to get the dividend
      Ex-Dividend Date: Date you should buy in order to qualify for the "record date" Usually 3 days before the record date
      Payable Date: date you actually get your dividend or reinvested shares into your account

    • I believe that you have to be an owner "as of record date" which is earlier than the e-div date. The e-div date is when the stock will be traded without the dividend. So look for an opening price on June 1 which is .98 less than today's closing price. After the opening the stock will fluctuate like any other stock.
      Hope this answers your question.
      Keep asking and don't let others ridicule you.

    • Yes, but if you buy on 6/1/2011 or after you will not be eligible for the dividend.

    • wow, with a question like that I would save my money.

 
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