urthebest1 is correct....buy T tomorrow (Tuesday) and you get the hefty dividend...but it Wednesday and you don't...Friday the 10th is the record date...it takes 3 days for a stock purchase to show up on a company's records...as for paying anyone the dividend...that only occurs if you SHORT the stock tomorrow...it seems like hrod is a bit confused
hrod57, you are definitely confused on this important issue. urthebest1today is absolutely correct. That is why it is called the "ex-dividend date". If you own T at the close today (7th), you qualify for the dividend..... period. Ex-dividend date is the 8th.