If the statement is made "The foregoing dividends are to be paid, subject to the closing of the Merger and/or certain other terms and conditions contained in the Agreement and Plan of Merger, to stockholders of record as of February 17, 2004"
If I bought on the 17th would I still be eligible for the dividends? Thanks to all who can help me or at least point me in the right direction. - Marty
Posted by m_h13021 on :
The record date is a cut-off date by which you must be a shareholder of a company's stock in order to qualify for a dividend payment or capital gains distribution. You become a shareholder of record on the date you purchase a stock (not on the settlement date, which is generally three days later). The company that issued the stock and that plans to pay dividends determines the record date. The NASD or the exchange on which the security trades then uses that date to establish the "ex-dividend date." per SEC