Date, set by the issuing company, on which an individual must own shares in order to be eligible to receive a declared dividend or capital gains distribution. The date is also used by the NASD to set the ex-dividend date. also called record date.
The date of record is the day when your transaction actually closes. If you do a 'detailed' stock quote on YAHOO, you will see the x-dividend date. If you buy the stock before the x-dividend date, you get the dividend. The x-dividend date is several days before the date of record to give time for the transaction to close. If you sold on the record date, that would have been after the x-dividend date and you should have gotten the dividend if you bought before the x-dividend date. Hope this message makes sense.