Dear all, there's been lots of speculation about Meta especially MMTLP and dividend matters. You may have heard about WayRay mention that they will be making a major announcement on 29th Nov Monday. This date has coincided with one of George tweets. So speculation gets more mass. Mostly think that this will be the day of Meta's dividend announcement date. So below here is a write up from one of the investment site explaining about the different date to take note when we receive the announment. Please read and take it with a grain of salt. IMO!
Have a blessed weekend.....
Important dividend dates
When it comes to dividends, there are 4 important dates for investors to keep in mind:
Announcement date
• The announcement date (also known as the announce date or declaration date) is the date on which a company’s board of directors announces the next dividend it will pay to its shareholders.
• The announcement will include the dividend amount to be paid to shareholders. This is typically a dollar amount per share owned – for example, $0.12 per share.
• The announcement will also include the date that the dividend will be paid (the payment date), and the cut-off date by which an investor must hold that stock in order to earn the dividend (the record date).
Record date
• The record date is the cut-off date established by the company to determine which shareholders are eligible to receive a dividend.
• An investor must be on the company’s shareholder record on this date in order to receive the dividend payment.
Ex-dividend date
• Once the record date is set, the ex-dividend date, also known as the ex-date, ex-entitlement date, or reinvestment date (or ex-distribution date when referring to funds or trusts) is determined based on the rules of the stock exchange on which the security is traded.
• Typically, the ex-dividend date is one business day before the record date.
• This is required because when you buy or sell a stock, the trade takes one business day to fully settle – this is known as “T+1” settlement.
• If you purchase and hold a security before its ex-dividend date, you will receive the next dividend. Reversely, if you purchase a security after the ex-dividend date, you will not receive the dividend.
Payment date
• The payment date or pay date is the date when dividend or distribution checks are sent or deposited into investor accounts.
• If a shareholder has opted into a company’s dividend reinvestment plan, then the dividends or distributions will be reinvested in lieu of a cash payment.
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