"Kinder Morgan Energy Partners, L.P. (KMP) today increased its quarterly cash distribution per common unit to $1.29 ($5.16 annualized) payable on Feb. 14, 2013, to unitholders of record as of Jan. 31, 2013."
The ex-date is the second business day before the date of record. So you must own it on the 28th to get the distribution since it goes "ex" on the 29th.
Don't ever pay for information that is publicly available. Don't trade in and out of stocks around ex dates. This advice is free as well :-)
Thanks for the info. I"ll give you a tip: i have been making tons of money by buying stocks on the ex date when it drops in response to the div payment and sell at a run up within a couple of days. I make more money over the short term than holding for the dividend...check out some big dividend stocks and see how much one could have made on buying ex div.
tut..A little surprising that you ask such an elementary question, then "tremulousbull" kindly takes the time to help you, yet you then insultingly reply "I'll give you a tip" and go on bragging about how you make tons of money doing this all the time. If you don't even know how ex-dividend dates work or how to find out the dates, I'd be quite surprised if you have ever traded this method.