If I hold shares on record date only then sell it the next day, will I get the dividends?
7/31/2025 03:21pm
If you hold shares on the record date and sell them the next day, you will still be entitled to the dividend. The ex-dividend date is the key date to determine dividend eligibility, and as long as you hold shares on or before the ex-dividend date, you will receive the dividend.
1. **Record Date Eligibility**: You must be on the company's books as a shareholder on the record date to receive the dividend. If you hold shares on the record date, you are eligible for the dividend.
2. **Ex-Dividend Date**: The ex-dividend date is the first business day after the record date. If you sell shares on this date or after, the new buyer will not receive the dividend since they are not on the company's books as a shareholder on the record date.
3. **Dividend Payment**: The dividend is paid to shareholders on the payable date, which is typically a few days after the ex-dividend date. Since you hold shares on the record date, you will receive the dividend, even if you sell the shares the next day.
In summary, holding shares on the record date and selling them the following day means you will still receive the dividend, as long as you hold the shares until the ex-dividend date.