Can someone tell me the last day I could buy BBT and be gauranteed to collect the next dividend payment? I had lightened up a bit but am thinking about buying the dividend here.
WINSTON-SALEM, N.C., June 25 (Reuters) - Financial services company BB&T Corp. (NYSE:BBT - News) said on Tuesday it is raising its dividend by 11.5 percent. Winston-Salem, North Carolina-based BB&T declared a third-quarter dividend of 29 cents per share, up from 26 cents paid in the third quarter of 2001. The company said the latest dividend will be paid Aug. 1 to shareholders of record as of July 12. Long on BB&T.
Yes, but if I place a buy order on July 12 I don't think I will be a shareholder of record. Wouldn't I have to buy it a number of days in advance of that?