Dividend record date and T+1 holding

Stocks
1

Hey, I bought shares on Thursday and it’s dividend ex-date and record date is on Friday so will I still be eligible to get the dividend or not ? Because right now my shares are on T+1 holding. Thank you.

2

You’ll be eligible for any corporate action if you buy shares at least a day before the ex-date. So, you’ll get the dividend.

1 Like
3

Thank you

4

I parse his sentence differently: Thursday is dividend ex-date, and record date is Friday.

This will change the answer!

5

After the transition from T+2 to T+1 settlement w.e.f. 27 Jan 2023, Ex-date and record date are on the same day.

However, if the Ex-date falls on a settlement holiday (with trading open), eligibility requires purchasing at least 2 trading days prior to the Ex-date.