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BP p.l.c. Message Board

  • gh_01536 gh_01536 Aug 12, 2009 1:36 AM Flag

    Can Dividend still be paid?

    I bought today before market close. If I sell on 8/13 which is a day after Ex-dividend date do I still get the dividend on the dividend payable date on 9/8? All inputs are appreciated.

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    • 1There are four major dates in the process of a company paying dividends:

      Declaration date – This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.

      Ex-date or Ex-dividend date – On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.

      Date of record – This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a "holder of record" to ensure the right of a dividend payout.

    • i haven't yet read the other comments to your question but yes, if you bought yesterday on 8/11, the record date is 8/14 which is the date for the dividend. If you sell today (i hope to), you won't own them on the 8/17 but it doesn't matter. So go ahead and sell today. It's T+3 remember but today it trades ex-div so settlement date for today is 8/17 so sell away

    • Yes, if the Record Date and X div date are the same. If the Record date is later, then NO.
      Record Date: The date the company determines the list of shareholders who qualify for the stock dividend. To be a shareholder of record, you must own the stock at least one day before the ex-dividend date.

      • 1 Reply to greggoyah
      • how the hell can you have the record date and ex-div date on teh same day (you imply that in your 1st sentence).

        Look, it's a done deal if you bought BP anytime yesterday. Sell today if you want. Look at your transaction. It will say purchased on 8/11, settlement is 8/14. If you go to the BP site, they might say ex-div 8/12, record date 8/14 (meaning you had to buy yesterday) and payday for div of sept something (i forgot, 7th or 11th area). hope this helps

    • you need to watch for the record date. Ex date is the day you must own buy. The dividend is paid to those who own on the record date.

      BP Ex date is 8/12
      BP record date is 8/14

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