RE: Dividend7 Apr 2025 05:23
"To receive a dividend with an ex-dividend date of April 10, a shareholder needs to hold their shares until the close of trading two business days before the ex-dividend date—in this case, April 8.
Here’s why:
The ex-dividend date, April 10, is the first day Harbour Energy stock trades without the right to the upcoming dividend. To be eligible, you must be a shareholder of record by the record date, which is typically one business day after the ex-dividend date (April 11, assuming no holidays or weekends interfere). In the UK, stock trades settle on a T+2 basis, meaning a purchase settles two business days after the trade. If you buy shares on April 8, the trade settles on April 10, and you’re recorded as a shareholder by April 11, securing the dividend. If you buy on April 9, the trade settles on April 11, after the ex-dividend date, missing the record date cutoff.
Hope that makes sense ! "
That is an insanely long "explanation" which is also wrong.
All that matters to an investor is the ex-divi date, and you need to be holding at the close of the previous trading day to be eligible for the dividend. That is all.