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Simple English definitions for legal terms
dividend date
Read a random definition: Warehouseman's lien
A quick definition of dividend date:
A dividend date is the day when a company gives money to people who own shares of its stock. This money is called a dividend. Only people who own the stock on a certain day, called the record date, will get the dividend. The dividend date is different from the ex-dividend date, which is the day when the stock starts trading without the value of the upcoming dividend.
A more thorough explanation:
Definition: The dividend date is the date on which a company pays out dividends to its shareholders who are recorded as owners of stock shares.
For example, if a company declares a dividend of $1 per share and a shareholder owns 100 shares, they will receive a dividend payment of $100 on the dividend date.
The dividend date is different from the ex-dividend date, which is the date on or after which a stock trades without the dividend. If an investor buys a stock on or after the ex-dividend date, they will not receive the upcoming dividend payment.
Overall, the dividend date is an important date for investors who rely on dividend income from their investments.