Stock question: If I sell on the Ex-dividend date, who will
receive the dividend?
Hello people! I'm updating out my income and expenses (in
short my finances) so I was able to check out where I am at currently when it
comes to stocks.
Speaking of the topic, I still consider myself a beginner
when it comes to it. And I became interested to know along the way regarding
the question: "If I sell on the Ex-dividend date, who will receive the
dividend?". So for the sake of learning, I tried to test out my hypothesis
in which I was the seller of the stock.
I also searched the internet and used Google. From what I
understood based on the answers posted in the cyberspace, if you are going to
buy before the ex-dividend date, you are entitled to the dividend. However, if
you purchased the stock on or after the ex-dividend date, the seller of the
stock gets the dividend.
Just as I said a while ago, in order to test out what really
is the truth, I sold out my stock on the ex-dividend date. I'm still waiting on
the payout date so I'll update you later on.
UPDATE as of Aug 19, 2019: The payout date came and as of this day, I can now therefore conclude that even if you sell at the ex-dividend date of the stock, you can still get the dividend.
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