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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (4120)2/4/1999 3:15:00 AM
From: CygnusX3  Read Replies (1) | Respond to of 4969
 
<< Please correct me if I'm wrong. I'm under the impression that, typically, the owner of record date and the ex-dividend date are the same. >>

You are indeed wrong. The ex-dividend date is the second trading day before the record date. In order for a buyer to be the owner of record on the record date, the trade has to settle no later than the record date. That means that the trade date can be no later than the third trading day before the record date for regular three day settlements.