RE: Dividend5 Apr 2025 10:41
No problem -
Below was posted by somebody recently
No . 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 ! Many many years ago it was one of the silly exam questions I hated as it always confused me lol Silly as it is . Record date , ex div date , payment date . Settlement date . Those 4 are the ones to always remember
Hope that helped lol