Thu, Feb 26, 2015, 6:24 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

EV Energy Partners LP Message Board

  • linnlaww linnlaww Jan 27, 2010 5:52 AM Flag

    X DIVIDEND DATE

    I THINK THE X DIVIDEND DATE WOULD BE FEB.3. Please confirm.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • http://www.sec.gov/answers/dividen.htm

      Ex-Dividend Dates:
      When Are You Entitled to Stock and Cash Dividends

      Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."

      When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

      Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

      Here is an example:

      Declaration Date Ex-Dividend Date Record Date Payable Date
      7/27/2004 8/6/2004 8/10/2004 9/10/2004

      On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.

      In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.

      With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.

      Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

      If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

      If you have questions about specific dividends, you should consult with your financial advisor. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder.

      http://www.sec.gov/answers/dividen.htm

    • Houston,Tx - (Marketwire-1-26-10)EV Energy Partners,LP (NASDAQ:EVEP News) Today announced a cash distribution attributable to the Fourth Quarter of 2009 of $0.755 per unit for all of its outstanding units. The distribution will be payable on Feb.12,2010 to unit holders of record at the close of business on February 5,2010.

      • 2 Replies to ahawk_kudo
      • There is obviously soem confusion as to when you must own the stock in order to get the dividend. Maybe the following explanation from www.exdividend.com will help:
        The key date to remember for dividend paying stocks is the ex-dividend date

        When are you entitled to stock and cash dividends

        Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? Determine whether you should get cash and most stock dividends, by looking at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."

        When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

        Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. Purchase a stock on its ex-dividend date or after and you will not receive the next dividend payment. Instead, the seller gets the dividend. Purchase before the ex-dividend date, and you get the dividend.

        The Record Date, or Date of Record determines the Ex-dividend date, when you must own the stock.

        In order for you to receive the upcoming dividend you must already own or you must purchase the stock prior to the ex-dividend date.

        It is important to know when you buy or sell stock, there is a three-day settlement (three stock trading days) on all buy or sell orders.

        Here is an example: The ex-dividend date is two stock business days prior to the record date. To be a stockholder on the Record Date you must purchase the stock before the ex-dividend date. The latest date you can buy the stock to be a stockholder on record and be entitled to the dividend would be one day prior to the ex-dividend date to allow for the three stock trading day settlement of the stock purchase. If you purchase the stock the day before the ex-dividend date you would be a stockholder on the record date and would be entitled to receive the dividend payment.

        You must be a stockholder on the record date to receive the dividend payment.

        You do not have to sell the stock after the record date to be entitled to the dividend. However, you must hold and sell your stock on the ex-dividend date or after to be entitled to the dividend payment. In this example, assuming that you purchased the stock one day before the ex-dividend date, you would be a stockholder on record date. If you sell the stock on the ex-dividend date, the buyer of your stock would be a stockholder one day after the record date given the three stock business trading day settlement. The person that bought your stock would not be entitled to receive the dividend.

        You must only own the stock one-day to be entitled to receive the dividend payment.

        If you buy before the ex-dividend date, and sell on the ex-dividend date or after, you receive the dividend payment. Selling your stock before the ex-dividend date means you are also selling away your right to the stock dividend.

        Like any trading system, overall market sentiment and momentum is key. One advantage is that dividend paying stocks do have a tendency to be much more stable and predictable and have the tendency to appreciate in price due to the dividend payment.

        If the "holders of record" date is February 5th, the ex-dividend date is February 3rd, and you must have bought the stock by February 2nd.

      • akaralph is correct. Record date is the same as settlement date and that happens two days after you buy or sell. Buy on the 3rd, you don't get the distn.

    • on Feb 26th EVEP gave a press release saying that if you have shares at the close of business of the 5th of Feb. you would be paid .755 on the 12th of Feb.

    • The Record Date is Feb 5. The Ex-Date is Feb 3.

    • X date is Feb. 5 and pay on Feb. 12 at .755 per unit. I might add that Feb. 07 the dividend was at .40 Nice increase for a two year period!!

 
EVEP
15.53-0.840(-5.13%)Feb 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.