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When a dividend is declared on the ex-date, is it based on who holds the stock at the open or at the close?
I had a sell limit order in to sell BTE at 29.25. It triggered about 30 minutes after the market opened. I bought it back at 28.75 about 2 hours later. Today is the ex date so I am wondering if I am still going to get the dividend.
2 Answers
- Anonymous1 decade agoFavorite Answer
No you will not get the dividend. THat is why share prices usually fall a bit on the ex-dividend date because that's the date you will not entitle to the quarterly dividend. Hence the name ex-dividend (the first date that you the dividend will be excluded). The last date to buy the stock with the right to the dividend is one day before the ex-dividend date.
Source(s): http://www.investopedia.com/articles/02/110802.asp (this article is useful for you to read).
