diff --git "a/4ca15390-5aaf-4558-a7cf-20012c00f84e.json" "b/4ca15390-5aaf-4558-a7cf-20012c00f84e.json" new file mode 100644--- /dev/null +++ "b/4ca15390-5aaf-4558-a7cf-20012c00f84e.json" @@ -0,0 +1,40 @@ +{ + "interaction_id": "4ca15390-5aaf-4558-a7cf-20012c00f84e", + "search_results": [ + { + "page_name": "Ex-Dividend Date vs. Date of Record: What's the Difference?", + "page_url": "https://www.investopedia.com/articles/02/110802.asp", + "page_snippet": "To get stock dividends, you must buy the stock or already own it at least two days before the date of record or one day before the ex-dividend date. Here's why.The record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board. more \u00b7 Payment Date for Dividends: Overview, Key Dates, and Examples \u00b7 The payment date is the date set by a company when it will issue payment on the stock's dividend. more \u00b7 What Does Ex-Dividend Mean, and What Are the Key Dates? Ex-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer. more \u00b7 Ex-Dividend Date: Definition, Key Dates, and Example Are you mystified by the workings of dividends and dividend distributions? Chances are it's not the concept of dividends that confuses you. The ex-dividend date and date of record are the tricky factors. Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date. Another rarer type of dividend is the property dividend, which is a tangible asset distributed to stockholders. For instance, if Cory's Brewing Company wanted to pay out dividends but didn't have enough stock or money to spare, the company could look for something physical to distribute. For instance, if Cory's Brewing Company wanted to pay out dividends but didn't have enough stock or money to spare, the company could look for something physical to distribute. In this case, Cory's might distribute a couple of six-packs of its famous peach beer to all shareholders.", + "page_result": "\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t \n \n \n\n\t\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\n\n\n\nComparing Ex-Dividend Date vs. Date of Record\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\n\n\t\t\n\n\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\n\n\n\n
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\n\nTable of Contents\n
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\n\nTable of Contents\n\n\n\n
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    \nEx-Dividend Date vs. Date of Record\n
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    \nWhy Issue a Dividend?\n
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    \nEx-Dividend Date\n
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    \nDate of Record\n
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    \nSpecial Considerations\n
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  • \nStocks\n\n\n\n
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\nEx-Dividend Date vs. Date of Record: What's the Difference?

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What Is the Difference Between Ex-Dividend Date and Date of Record?

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\nAre you mystified by the workings of dividends and dividend distributions? Chances are it's not the concept of dividends that confuses you. The ex-dividend date and date of record are the tricky factors. Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date. That's one day before the ex-dividend date.\n

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\nSome investment terms are tossed around more than a Frisbee on a hot summer day, so first let's fill in some of the basics of stock dividends.\n

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\nKey Takeaways

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  • The trading date on or after which a new buyer of a stock is not yet owed the dividend is known as the ex-dividend date.
  • The company identifies all shareholders of the company on what is called the date of record.
  • To be eligible for the dividend, you must buy the stock at least two business days before the date of record and own it by the close one business day before the ex-date.
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\nThere are actually four major dates in the process of a dividend distribution:\n

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  • The declaration date is the day on which the board of directors announces the dividend.
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  • The ex-date or ex-dividend date is the trading date on (and after) which the dividend is not owed to a new buyer of the stock. The ex-date is one business day before the date of record.
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  • The date of record is the day on which the company checks its records to identify shareholders of the company. An investor must be listed on that date to be eligible for a dividend payout.
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  • The date of payment is the day the company mails out the dividend to all holders of record. This may be a week or more after the date of record.
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Why Issue a Dividend?

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\nThe decision to distribute a dividend is made by a company's board of directors. Essentially, it is a share of the profits that is awarded to the company's shareholders.\n

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\nMany investors view a steady dividend history as an important indicator of a good investment, so companies are reluctant to reduce or stop regular dividend payments.\n

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\nDividends can be paid in various ways, but the big two are cash and stock.\n

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Example of a Cash Dividend

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\nFor example, suppose you own 100 shares of Cory's Brewing Company. Cory has enjoyed record sales this year thanks to the high demand for its unique peach-flavored beer. The company decides to share some of the good fortune with stockholders and declares a dividend of $0.10 per share. You will receive a payment from Cory's Brewing Company of $10.00.\n

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\nIn practice, companies that pay dividends, issue them four times a year. A one-time dividend such as the one in this example is called an extra dividend.\n

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Example of a Stock Dividend

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\nThe stock dividend, the second-most common dividend-paying method, pays in shares rather than cash. Cory might issue a dividend of $0.05 new shares for every existing one. You will receive five shares for every 100 shares that you own. If any fractional shares are left over, the dividend is paid as cash because stocks don't trade fractionally.\n

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The Rare Property Dividend

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\nAnother rarer type of dividend is the property dividend, which is a tangible asset distributed to stockholders. For instance, if Cory's Brewing Company wanted to pay out dividends but didn't have enough stock or money to spare, the company could look for something physical to distribute. In this case, Cory's might distribute a couple of six-packs of its famous peach beer to all shareholders.\n

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Ex-Dividend Date

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\nAs noted above, the ex-date or ex-dividend date marks the cutoff point for a pending stock dividend. Some trading platforms, market data, and news services might add an XD modifier to the ticker symbol to show it is trading ex-dividend.\n

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\nIf you buy a stock one day before the ex-dividend, you will get the dividend. If you buy on the ex-dividend date or any day after, you won't get the dividend.\n

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\nConversely, if you want to sell a stock and still get a dividend that has been declared, you need to hang onto it until the ex-dividend day.\n

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\nThe ex-date is one business day before the date of record.\n

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Date of Record

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\nThe date of record is the date in which the company identifies all of its current stockholders, and therefore everyone who is eligible to receive the dividend. If you're not on the list, you don't get the dividend.\n

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\nIn today's market, settlement of stocks is a T+2 process, which means that a transaction is entered into the company's record books two business days after the trade.\n

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\nTo ensure that you are in the record books, you need to buy the stock at least two business days before the date of record, or one day before the ex-dividend date.\n

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\nImage by Sabrina Jiang \u00a9 Investopedia\u00a02020\n
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\nAs you can see from the diagram above, if you buy on the ex-dividend date (Tuesday), only one day before the date of record, you will not get the dividend because your name will not appear in the company's record books until Thursday. If you want to buy the stock and receive the dividend, you need to buy it on Monday. When the stock is trading with the dividend, the term cum dividend is used.\n

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\nIf you want to sell the stock and still receive the dividend, you need to sell on or after Tuesday the 6th. Different rules apply if the dividend is 25%, or greater, of the value of the security. In this case, the Financial Industry Regulatory Authority (FINRA) indicates that the ex-date is the first business day following the payable date.\n

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Special Considerations on Dividends

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\nThe only other date that is worth mentioning is the date of payment. That is the date the company delivers dividends to the shareholders of record. This can be a week or more after the date of record.\n

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\nIt may sound like easy money. Just buy a stock two days before the date of record and grab the dividend.\n

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\nIt's not that easy. Remember, the declaration date has passed and everybody else knows when the dividend is going to be paid too. On the ex-dividend date, the stock price will drop by roughly the amount of the dividend as traders acknowledge the reduction in the company's cash reserves.\n

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\nArticle Sources
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    \n

  1. U.S. Securities and Exchange Commission. "Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends."

    2. \n

  2. PwC. "U.S. Financing Guide: 4.4 Dividends."

    3. \n

  3. Financial Industry Regulatory Authority. "Stocks: Overview."

    4. \n

  4. U.S. Securities and Exchange Commission. "Settling Securities Transactions, T+2."

    5. \n

  5. Financial Industry Regulatory Authority. "11140. Transactions in Securities 'Ex-Dividend,' 'Ex-Rights' or 'Ex-Warrants'."

    6. \n
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\nRelated Terms
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\nWhat Is the Record Date and Why Is It Important? Plus an Example\n
\nThe record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board.
\nmore\n
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\nPayment Date for Dividends: Overview, Key Dates, and Examples\n
\nThe payment date is the date set by a company when it will issue payment on the stock's dividend.
\nmore\n
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\nWhat Does Ex-Dividend Mean, and What Are the Key Dates?\n
\nEx-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer.
\nmore\n
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\nEx-Dividend Date: Definition, Key Dates, and Example\n
\nThe ex-date, or ex-dividend date, is the date on or after which a security is traded without a previously declared dividend or distribution.
\nmore\n
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\nDividend Arbitrage: What It Is, How It Works, and Example\n
\nDividend arbitrage is an options trading strategy that involves purchasing puts and stock before the ex-dividend date and then exercising the put.
\nmore\n
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\nCum Dividend: Definition, Meaning, How It Works, and Example\n
\nCum dividend is when a buyer of a security will receive a dividend that a company has declared but has not yet paid.
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\t\t\n\n\t\t\n", + "page_last_modified": "" + }, + { + "page_name": "How and When Are Stock Dividends Paid Out?", + "page_url": "https://www.investopedia.com/ask/answers/102714/how-and-when-are-stock-dividends-paid-out.asp", + "page_snippet": "A dividend is usually declared quarterly after a company finalizes its income statement and dividends are paid either by check or in additional shares of stock.The ex-date, or ex-dividend date, is the date on or after which a security is traded without a previously declared dividend or distribution. more \u00b7 What Does Ex-Dividend Mean, and What Are the Key Dates? Ex-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer. more \u00b7 What Is the Record Date and Why Is It Important? Plus an Example \u00b7 The record date is the last date on which shareholders are eligible to receive a dividend or distribution. The record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board. more A dividend is the distribution of some of a company's earnings as cash to a class of its shareholders. Dividends typically are credited to a brokerage account or paid in the form of a dividend check. The dividend check is mailed to stockholders but can be direct-deposited to a shareholder's account of choice, if preferred. Dividends are a way for companies to distribute profits to their shareholders, but not all companies pay dividends. Some companies may decide to retain their earnings to re-invest for growth opportunities instead.", + "page_result": "\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t \n \n \n\n\t\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\n\n\n\nHow and When Are Stock Dividends Paid Out?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\n\n\t\t\n\n\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\n\n\n\n
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\n\nTable of Contents\n
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\n\nTable of Contents\n\n\n\n
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  • \n
    \nKey Dividend Dates\n
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    \nHow Dividends Are Paid\n
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    \nWhen Dividends Are Paid\n
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    \nDividend Reinvestment Plan (DRIP)\n
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    \nTax Implications\n
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    \nFAQs\n
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  • \nStocks\n\n\n\n
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  • \nDividend Stocks\n
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\nHow and When Are Stock Dividends Paid Out?

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Updated February 12, 2024
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\n

\nIf a company enjoys a profit and decides to pay a dividend to common shareholders, then it declares the dividend, the amount, and the date when it will be paid out to the shareholders.\n

\n
\n

\nUsually, dividend amounts and related dates are determined on a quarterly basis, after a company finalizes its income statement and the board of directors meets to review the company's financials.\n

\n
\n

\nSome companies with solid histories of paying dividends have established quarterly dividend payment dates. For example, IBM usually pays its dividends on the 10th of March, June, September, and December.\n

\n
\n
\n
\n

\nKey Takeaways

\n
\n
  • A dividend is a payment of some of a company's earnings to a class of its shareholders.
  • The payment date and amount are determined on a quarterly basis once the board of directors reviews a company's financials.
  • You must buy shares before the ex-date to receive the declared dividend.
  • The record date is the day on which you must be on the company\u2019s books as a shareholder to receive the declared dividend.
  • The payment date is the day the company pays the declared dividend to shareholders who own the stock before the ex-date.
\n
\n
\n

Key Dividend Dates

\n

\nIf a dividend is declared, all qualified shareholders of the company are notified via a press release. The information is usually reported through\u00a0major stock quoting services for easy reference. The key dividend dates that an investor should be aware of are:\n

\n
\n
    \n
  • The declaration date: The date that the dividend is declared and the dividend amount, ex-date, record date, and payment date are set.
    • \n
  • The ex-dividend date: The date (aka ex-date) before which an investor must have purchased the stock to receive the upcoming dividend. On this day, the stock begins trading ex-dividend (or, without the dividend).
    • \n
  • The record date: The date that determines all shareholders of record who are entitled to the dividend payment. This date usually occurs two days after the ex-date.
    • \n
  • The payment date: This is the day dividend payments are issued to shareholders and is usually about one month after the record date.
    • \n
\n
\n

How Dividends Are Paid

\n

\nA dividend is the distribution of some of a company's earnings as cash to a class of its shareholders. Dividends typically are credited to a brokerage account or paid in the form of a dividend check. The dividend\u00a0check is mailed to stockholders but can be direct-deposited to a shareholder's account of choice, if preferred.\n

\n
\n

\nThe alternative to cash dividends is additional shares of stock. This is known as dividend reinvestment. Dividend reinvestment plans (DRIPs) are commonly offered by individual companies and mutual funds.\n

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\n
\n

\n
\n

Once a dividend is announced on the declaration date, the company has a legal responsibility to pay it.

\n
\n
\n

When Dividends Are Paid

\n

\nOn the payment date, the company deposits the funds for disbursement to shareholders with the Depository Trust Company (DTC). Cash payments are then disbursed by the DTC to brokerage firms around the world where shareholders have accounts that hold the company's shares. The recipient firms appropriately apply cash dividends to client accounts, or process reinvestment transactions, as per a client's instructions.\n

\n
\n

\nMailed checks should be received within a few days of the payment date.\n

\n
\n

Dividend Reinvestment Plan (DRIP)

\n

\nA dividend reinvestment plan (DRIP) offers a number of advantages to investors. If the investor prefers to build their current equity holdings using funds from dividend payments, automatic dividend reinvestment simplifies this process (as compared to receiving the dividend payment in cash and then using the cash to purchase additional shares).\n

\n
\n

\nCompany-operated DRIPs are usually commission-free, since they bypass a broker. This feature is particularly appealing to small investors since commission fees are proportionately larger for smaller purchases of stock.\n

\n
\n

\nAnother potential benefit of DRIPs is that some companies offer stockholders the option to purchase additional shares in cash at a discount. With a discount from 1% to 10%, plus the added benefit of not paying commission fees, investors can acquire additional stock holdings at an advantageous cost (compared to buying shares in cash through a brokerage firm).\n

\n
\n

Tax Implications of Dividends

\n

\nDividends are always considered taxable income by the Internal Revenue Service (IRS), regardless of the form in which they are paid.\n

\n
\n

\nSpecific tax implications for the dividend payments vary depending on the type of dividend declared, account type in which the shareholder owns the shares, and how long the shareholder has owned the shares. Dividend payments are summarized for each tax year on Form 1099-DIV.\n

\n
\n
\n\n

What Is a Dividend?

\n

A dividend is a payment that a company chooses to make to shareholders when the company has a profit. Companies can either reinvest their earnings in themselves or share some (or all) with its investors. Dividends represent income for investors and are the primary goal for many.

\n
\n
\n
\n\n

Are Dividends a Return on Investment?

\n

Yes, dividends are considered a part of what's referred to as total return, which is income produced by an investment (e.g., dividends, interest) plus the appreciation of the investment's price.

\n
\n
\n
\n\n

Why Is the Ex-Dividend Date Important to Know?

\n

Investors who wish to buy shares in companies in order to receive a recently announced dividend payment have until the day before the ex-dividend date (or ex-date) to make their purchase. If they buy on or after the ex-date, they won't be on the company's records as a shareholder in time to receive the upcoming dividend.

\n
\n
\n

The Bottom Line

\n

\nDividends are a way for companies to distribute profits to their shareholders, but not all companies pay dividends. Some companies may decide to retain their earnings to re-invest for growth opportunities instead.\n

\n
\n

\nIf dividends are to be paid, a company will declare the amount of the dividend and all relevant dates. Then, all holders of the stock (by the ex-date) will be paid accordingly on the upcoming payment date. Investors who receive dividends can choose to take them as cash or as additional shares.\n

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\nInvestopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our\neditorial policy.\n
\n
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    \n

  1. IBM Investor Relations. "When are IBM dividends typically paid?"

    2. \n

  2. Internal Revenue Services. "Topic No. 404, Dividends."

    3. \n
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\nPayment Date for Dividends: Overview, Key Dates, and Examples\n
\nThe payment date is the date set by a company when it will issue payment on the stock's dividend.
\nmore\n
\n
\n
\n
\nWhat Does Ex-Dividend Mean, and What Are the Key Dates?\n
\nEx-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer.
\nmore\n
\n
\n
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\nEx-Dividend Date: Definition, Key Dates, and Example\n
\nThe ex-date, or ex-dividend date, is the date on or after which a security is traded without a previously declared dividend or distribution.
\nmore\n
\n
\n
\n
\nDividend Arbitrage: What It Is, How It Works, and Example\n
\nDividend arbitrage is an options trading strategy that involves purchasing puts and stock before the ex-dividend date and then exercising the put.
\nmore\n
\n
\n
\n
\nWhat Is the Record Date and Why Is It Important? Plus an Example\n
\nThe record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board.
\nmore\n
\n
\n
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\nDividends: Definition in Stocks and How Payments Work\n
\nA dividend is a distribution of earnings, often quarterly, by a company to its shareholders in the form of cash or stock reinvestment.
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\t\t\n\n\t\t\n", + "page_last_modified": "" + }, + { + "page_name": "P3 Health Partners (PIII) Earnings Dates & Reports - TipRanks.com", + "page_url": "https://www.tipranks.com/stocks/piii/earnings", + "page_snippet": "P3 Health Partners (PIII) will release its next earnings report on Oct 19, 2023. In the last quarter P3 Health Partners reported \u2015 EPS in relation to \u2015 expected by the market.P3 Health Partners (PIII) is schdueled to report earning on Oct 19, 2023, Not Confirmed. P3 Health Partners (PIII) earnings time is at Oct 19, 2023, Not Confirmed. Best Dividend StocksBest High Yield Dividend StocksDividend Stock ComparisonDividend Calculator", + "page_result": "\n \nP3 Health Partners (PIII) Earnings Dates & Reports - TipRanks.com\n\n\n\n\n\n\n \n \n \n\n \n \n \n \n \n \n \n
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P3 Health Partners (PIII)
NASDAQ:PIII
\"US
PIII
P3 Health Partners
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reports

P3 Health Partners (PIII) Earnings Date & Reports

29 Followers

Earnings Data

Report Date
Apr 22, 2024
TBA Not Confirmed
Period Ending
2023 (Q4)
Consensus EPS Forecast
\u2015
Last Year\u2019s EPS
\u2015
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 1 Analysts Ratings
---

P3 Health Partners (PIII) Earnings, Revenues Date & History

The upcoming earnings date is based on a company\u2019s previous reporting, and may be updated when the actual date is announced
Daily Earnings Calendar >

PIII Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Apr 22, 20242023 (Q4)
- / -
\u2015\u2015
Nov 08, 20232023 (Q3)
-0.18 / -0.12
-0.2755.56% (+0.15)
Aug 07, 20232023 (Q2)
-0.13 / -0.09
-3.7397.59% (+3.64)
May 10, 20232023 (Q1)
- / -
-0.254\u2015
Mar 31, 20232022 (Q4)
-0.47 / -0.22
-0.25413.39% (+0.03)
Nov 14, 20222022 (Q3)
- / -
-0.13\u2015
Oct 20, 20222022 (Q2)
-0.69 / -0.27
-0.13-107.69% (-0.14)
Apr 25, 20222021 (Q4)
-0.21 / -0.25
0.122-308.20% (-0.38)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---

PIII Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 08, 2023$1.31$1.39+6.11%
Aug 07, 2023$2.14$2.24+4.67%
May 10, 2023$2.22$2.31+4.05%
Mar 31, 2023$1.10$1.06-3.64%
Earnings announcements can affect a stock\u2019s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---

FAQ

When does P3 Health Partners (PIII) report earnings?
P3 Health Partners (PIII) is schdueled to report earning on Apr 22, 2024, TBA Not Confirmed.
    What is P3 Health Partners (PIII) earnings time?
    P3 Health Partners (PIII) earnings time is at Apr 22, 2024, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is PIII EPS forecast?
          Currently, no data Available
          ---

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          \n \n \n \n \n
          ", + "page_last_modified": " Tue, 27 Feb 2024 18:00:41 GMT" + }, + { + "page_name": "Dividend History | Nasdaq", + "page_url": "https://www.nasdaq.com/market-activity/quotes/dividend-history", + "page_snippet": "What are Dividends? Dividends are the distribution of earnings to shareholders, prorated by the class of security and paid in the form of money, stock, scrip, or, rarely, company products or property. The amount is decided by the Board of Directors and is usually paid quarterly.Dividends are the distribution of earnings to shareholders, prorated by the class of security and paid in the form of money, stock, scrip, or, rarely, company products or property. The amount is decided by the Board of Directors and is usually paid quarterly. Mutual fund dividends are paid out of income, usually on a quarterly basis from the fund's investments. The Dividend History page provides a single page to review all of the aggregated Dividend payment information. Janus Henderson Head of Global Equity Income Ben Lofthouse discusses the factors behind the rise in global dividends with Bloomberg's Vonnie Quinn and Romaine Bostick on \"Bloomberg Markets: European Close.\" Aug 21, 2018 Find out who is paying dividends next View dividend terms in our glossary", + "page_result": "\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Dividend History | Nasdaq\n \n\n\n \n \n \n \n \n \n\n\n\n\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n\n \n \n
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          SymbolCompany Name
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              What are Dividends?
              \r\nDividends are the distribution of earnings to shareholders, prorated by the class of security and paid in the form of money, stock, scrip, or, rarely, company products or property. The amount is decided by the Board of Directors and is usually paid quarterly. Mutual fund dividends are paid out of income, usually on a quarterly basis from the fund's investments.
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                \n\n \n\n\n", + "page_last_modified": "" + }, + { + "page_name": "Record Date vs. Ex-Dividend Date: What's the Difference?", + "page_url": "https://www.investopedia.com/ask/answers/042915/what-difference-between-record-date-and-exdividend-date.asp", + "page_snippet": "Learn the difference between the record date and the ex-dividend date, two important dividend payout dates, for correct receipt of stock dividend payments.The record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board. more \u00b7 What Does Ex-Dividend Mean, and What Are the Key Dates? Ex-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer. more \u00b7 Payment Date for Dividends: Overview, Key Dates, and Examples \u00b7 The payment date is the date set by a company when it will issue payment on the stock's dividend. more Companies use dividends to distribute profits to shareholders and may pay out dividends in several different ways, including cash dividends, stock dividends, or property dividends. Cash dividends are the most common type of disbursement and are typically sent to stockholders via check or direct deposit. However, the ex-dividend date can be considered more important. That's because investors must buy shares before that date to be considered owners of record for the current dividend distribution. The names of shareowners are simply compiled on the record date. That's because investors must buy shares before that date to be considered owners of record for the current dividend distribution. The names of shareowners are simply compiled on the record date. So, if you seek dividends, it's crucial to know the ex-dividend date in order to plan the timing of your transaction.", + "page_result": "\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t \n \n \n\n\t\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\n\n\n\nRecord Date vs. Ex-Dividend Date: What's the Difference?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\n\n\t\t\n\n\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\n\n\n\n
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                \n\nTable of Contents\n
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                \n\nTable of Contents\n\n\n\n
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                • \n
                  \nRecord Date vs. Ex-Dividend Date: An Overview\n
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                  \nRecord Date\n
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                  \nEx-Dividend Date\n
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                  \nRecord Date vs. Ex-Dividend Date Example\n
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                  \nRecord and Ex-Dividend Date FAQs\n
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                \nRecord Date vs. Ex-Dividend Date: What's the Difference?

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                \nFull Bio\n
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                \nChristina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications.\n
                \n
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                \nLearn about our \neditorial policies\n
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                Updated December 13, 2023
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                \n\n\n\nReviewed by\nAndy Smith\n
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                \n\n\n\nFact checked by\nJiwon Ma\n
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                \n

                Record Date vs. Ex-Dividend Date: An Overview

                \n

                \nThe record date, or day of record, and the ex-dividend date of a stock are both important dates relating to stock purchases, reporting, and the dividend payout process. These dates determine which investors will receive dividends. The other two dates in the process are the declaration date (the day the dividend is announced) and the payable date (the date dividends are distributed).\n

                \n
                \n

                \nCompanies use dividends to distribute profits to shareholders and may pay out dividends in several different ways, including cash dividends, stock dividends, or property dividends. Cash dividends are the most common type of disbursement and are typically sent to stockholders via check or direct deposit. Stock dividends are paid out in the form of company shares.\n

                \n
                \n
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                \n

                \nKey Takeaways

                \n
                \n
                • An ex-dividend date is the day on which a stock trades without the benefit of the next scheduled dividend payment. Instead, the dividend is paid to the previous owner.
                • The ex-dividend date is the day before the trade's record date.
                • The record date finalizes the transfer of the stock's ownership. The new buyer is now the owner of record and is entitled to any dividends.
                • The record date is set by the board of directors of a company and refers to the date by which investors must be on the company's books in order to receive a stock's dividend.
                • An ex-dividend date is set by stock exchange rules.
                • A stock's price usually drops by the amount of the declared dividend on the ex-dividend date.
                \n
                \n
                \n

                Record Date

                \n

                \nThe record date, which is set by a company's board of directors,\u00a0is the date\u00a0on which the company compiles a list of shareholders of the stock for which it has declared a dividend. This list is used to determine the shareholders entitled to receive the dividend.\n

                \n
                \n

                \nIn addition, a record date is used to determine who should receive stock reports, financial reports, proxy statements, and other financial information relating to the company and its stock. The record date, along with the ex-dividend date, is important for investors to know to ensure they're eligible to receive the dividends they seek.\n

                \n
                \n

                Ex-Dividend Date

                \n

                \nTaken from the Latin, ex-dividend means without dividend. The ex-dividend date (ex-date) represents the cut-off date for share ownership relating to a current dividend payment process. It's set by stock exchanges and is based on the U.S. Securities and Exchange Commission's (SEC) T+2 rule for the two-day settlement of trades.\n

                \n
                \n

                \nThe ex-date is usually one business day before the record date. Investors who purchase shares any day before the ex-dividend date will be documented as owners of shares on the record date. That means they'll be entitled to receive the dividend payment. Investors who purchase shares on or after the ex-dividend date won't be recognized as shareowners on the record date. Instead, the seller will still be the owner of the record and will receive the dividend payment.\n

                \n
                \n

                \nThere are instances when the ex-dividend date actually appears later in the dividend payment process. This can happen when a declared dividend equals 25% or more of the value of the stock. It can also happen if the dividend is paid as stock (not cash). In such circumstances, the ex-dividend date is set at one business day after the payable date.
                \n

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                The SEC T+2 rule for the timing of the settlement of trades calls for stock transactions to settle (or be completed) no more than two days after a transaction takes place. That's why purchases made the day before the ex-date, which then settle on the record date, make the buyer the owner of the record for purposes of dividend payment.

                \n
                \n
                \n

                Record Date vs. Ex-Dividend Date Example

                \n

                \nHere's how the record date and ex-dividend date would work in the overall dividend payout process.\n

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                \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                \u00a0Declaration DateEx-Dividend DateRecord Date\u00a0Payable Date
                February 4February 17February 18March 14
                \n
                \n
                \n

                \nLet's say that on Friday, Feb. 4, XYZ Company declares a dividend for its shareholders. The company's board then announces a record date of Friday, Feb. 18. Shareholders of record on that date will be eligible to receive the dividend.\n

                \n
                \n

                \nTypically, the ex-dividend date would fall one business day before the record date, or, on Thursday, Feb. 17. An investor who purchases shares on or before Wednesday, Feb. 16 will be a shareholder of record on Feb. 18 and will receive the dividend to be paid on March 14. An investor who purchases shares on or after Feb. 17 will not be entitled to the dividend.\n

                \n
                \n
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                \n

                \nThe Advisor Insight

                \n
                \n

                Brandon Opre, CFP\u00ae
                TrustTree Financial, Fort Lauderdale, FL

                \n

                The legal definitions are pretty straightforward: the ex-dividend date is one day prior to the record date. So if you want the dividend, you need to be an owner the day before the ex-dividend date.

                \n

                Many people use the term \"trading ex,\" which means the time has already passed to get the dividend. If a stock is \"trading ex,\" that means you can buy it but will not get the dividend for that current period. When a stock is trading ex, sometimes it is valued lower (hypothetically by the amount of the dividend) on the ex-dividend date.

                \n
                \n
                \n
                \n\n

                Can I Sell My Shares on the Record Date and Still Get the Dividend?

                \n

                As long as you're on the company's books as a shareholder on the record date, you can sell your shares that day and receive your dividend. To be recognized as a shareholder on the record date, you must have bought your shares at some point before the ex-dividend date (which is one business day before the record date).

                \n
                \n
                \n
                \n\n

                How Many Days Before the Record Date Is the Ex-Dividend Date?

                \n

                The ex-dividend date is normally one business day before the record date. For example, if the record date is a Monday, then the ex-dividend date would be the previous Friday. It would not fall on Saturday or Sunday.

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                \n\n

                Which Is More Important, the Record Date or the Ex-Dividend Date?

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                In general, both are important because they are two of the four dates in the dividend payout process that every investor should be aware of. However, the ex-dividend date can be considered more important. That's because investors must buy shares before that date to be considered owners of record for the current dividend distribution. The names of shareowners are simply compiled on the record date. So, if you seek dividends, it's crucial to know the ex-dividend date in order to plan the timing of your transaction.

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                \n\n

                Who Sets the Ex-Dividend Date?

                \n

                The ex-dividend date is set based on rules of the stock exchange on which a stock trades. Some trading platforms and news services add an XD modifier after the ticker symbol to show traders the stock is trading ex-dividend.

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                \nArticle Sources
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                \nInvestopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our\neditorial policy.\n
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                \n
                  \n

                1. U.S. Securities and Exchange Commission. "Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends."

                  2. \n

                2. U.S. Securities and Exchange Commission. \u201cBylaws of Mentor Graphics Corporation: Article I Shareholders.\u201d

                  3. \n

                3. U.S. Securities and Exchange Commission. "SEC Adopts T+2 Settlement Cycle for Securities Transactions."

                  4. \n

                4. Royal Bank of Canada. \u201cDividends, Dates & Terminology: Things to Know.\u201d

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                \nRelated Terms
                \n
                \n
                \nWhat Is the Record Date and Why Is It Important? Plus an Example\n
                \nThe record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board.
                \nmore\n
                \n
                \n
                \n
                \nWhat Does Ex-Dividend Mean, and What Are the Key Dates?\n
                \nEx-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer.
                \nmore\n
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                \n
                \n
                \nPayment Date for Dividends: Overview, Key Dates, and Examples\n
                \nThe payment date is the date set by a company when it will issue payment on the stock's dividend.
                \nmore\n
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                \n
                \n
                \nEx-Dividend Date: Definition, Key Dates, and Example\n
                \nThe ex-date, or ex-dividend date, is the date on or after which a security is traded without a previously declared dividend or distribution.
                \nmore\n
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                \n
                \n
                \nDividend Arbitrage: What It Is, How It Works, and Example\n
                \nDividend arbitrage is an options trading strategy that involves purchasing puts and stock before the ex-dividend date and then exercising the put.
                \nmore\n
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                \n
                \n
                \nXD: What it is, How it Works, Special Rules\n
                \nActing as shorthand to tell investors key information about a specific security, XD is a symbol signifying that a security is trading ex-dividend.
                \nmore\n
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