Record date

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Record date

(1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For example, a firm might declare a dividend on Nov. 1, payable Dec. 1 to holders of record Nov. 15. Once a trade is executed, an investor becomes the "owner of record" on settlement, which currently takes five business days for securities and one business day for mutual funds. Stocks trade ex-dividend the fourth day before the record date, since the seller will still be the owner of record and is thus entitled to the dividend. (2) The date that determines who is entitled to payment of principal and interest due to be paid on a security. The record date for most MBS is the last day of the month, although the last day on which an MBS may be presented for the transfer is the last business day of the month. The record dates for CMOs and asset-backed securities vary with each issue.

Record Date

The last date on which any dividend on a stock that has been declared but not distributed belongs legally to the buyer, rather than the seller. That is, when one sells a stock on or before the record date, the dividend will go to the buyer when the next dividend comes. On the other hand, if it is sold after the record date, the dividend will go to the seller. In practical terms, the record date is the trading day immediately before the ex-dividend date. It is also called the date of record.

record date

The date on which a firm's books are closed during the process of identifying the owners of a certain class of securities for purposes of transmitting dividends, interest, proxies, financial reports, and other documentation to them. For example, only the common stockholders who are listed on the record date will receive the dividends that are to be mailed on the payment date. Also called date of record. See also ex-dividend, interest dates.

Record date.

To be paid a stock dividend, you must own the stock on the day that the corporation's board of directors names as the record date, also known as the date of record.

For example, if a company declares a dividend of 50 cents a share payable on September 1 to shareholders of record as of August 10, you must own the shares on August 10 to be entitled to the dividend.

To be the legal owner on the record date you must buy the stock at least three business days before the record date. That is the last day on which trades will settle on the record date.

If you buy the stock after that day, you are buying the stock ex-dividend, which means you are not entitled to the dividend. The first day the buyer is not entitled to receive the dividend is called the ex-dividend date and is currently two days before the record date in most cases.

References in periodicals archive ?
These distributions will have weekly record dates and will be paid monthly to the stockholders of record as of the close of business each week.
Also, the fund's board of directors authorised a common stock bonus distribution of USD0.07479 per share and this 20th bonus distribution will be paid on or around 31 December 2018, to stockholders of record date at the close of business on 28 December 2018.
("Vermilion") announces a correction to the ex-dividend and record dates for the dividend payment on April 16, 2018.
Distributions for the January 4, 8, 15, 22 and 29 record dates will be paid on or around February 1, 2016.
We analysed the performance of the preferred shares of Surgutneftegas, Tatneft, TNKaBP and Bashneft for the past three years paying particular attention to their behaviour in the periods between record dates. We noticed that in 2009 and 2010, the shares reached their lowest levels between dividend record dates in June and July.
Circles mark the minimum value between two annual record dates. Red vertical lines are annual record dates while grey vertical lines are record dates for interim dividends.
M2 EQUITYBITES-March 21, 2018-Vermilion Energy revises ex-dividend and record dates for April 2018 dividend
Energy company Vermilion Energy Inc (TSX:VET) (NYSE:VET) stated on Tuesday that it has updated the ex-dividend and record dates under its CAD0.215 per share dividend.
Distributions have weekly record dates and are payable monthly to the stockholders of record as set forth below:
Distributions for the January 2, 9, 16, 23, and 30 record dates will be paid on or around February 2, 2015.
M2 EQUITYBITES-September 17, 2015-Logitech announces September 2015 dividend and record dates after annual general meeting
Logitech International (SIX:LOGN) (Nasdaq:LOGI) revealed on Thursday that the record date for its dividend and the payment date, has been approved at its annual general meeting last week.