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American Capital Agency Corp. Message Board

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  • reits_r_us reits_r_us Oct 31, 2010 7:25 PM Flag

    AM I ENTITLED TO THE DIVIDEND?

    You are technically correct Porkus,

    The confusing part to most newbies is that word "owning". You post,"To capture a dividend you must own the shares on the record date."

    You will technically "own" the shares on the companies books even if you sell them two business days prior to this 'record date',on the EX-DIV day, because your sale takes two business days to settle and show up on the company's books.

    Wiki has a pretty accurate illustration under 'Example" in the middle of this page:

    http://en.wikipedia.org/wiki/Ex-dividend_date

 
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