What is an ex-dividend date and record date?
The ex-dividend date is set by the New York Stock Exchange and is generally two business days prior to the record date. Stock purchased before the ex-dividend date is entitled to the next dividend. Stock purchased on or after that date is not entitled to the next dividend. If shares are purchased before the ex-dividend date and the shares are not on our system as of the record date, the holder should receive the dividend from the broker.
