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Ex Dividend / Final Dividend and Dividend payment dates

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quickthinker | 22:59 Tue 25th Jul 2006 | Business & Finance
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What qualifies shares on a dividend payment
ie do your have to complete purchase prior to the ex-div date and sell after the Final Div date or the payment date.
Am I correct?
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Nope.

You just have to own them on the qualifying date which i assume is the (working) day before the ex-dividend date. You can sell them straightaway after if you want. In company reports you get statements like a dividend of x pence per share will be paid on 27 July to shareholders registered on 25 May. You can have sold the shares long before 27 July and still get the dividend.
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Thanks
dzug

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