Shares purchased on ex dividend date

does investor is eligible for dividend if the share is purchased by him on ex dividend date ?

Replies (2)
Quick Summary
If you purchase shares on or after the ex-dividend date, you will not be eligible to receive the dividend payment. This is because of the settlement period, which typically takes two business days for the trade to complete. Therefore, if you buy shares on or after the ex-dividend date, the settlement will fall after the record date. The discussion also touches upon the recent change in settlement periods to T+1 days.

No, an investor is not eligible for a dividend if they purchase shares on the ex-dividend date or after. 

When an investor buys shares of a company, there is a settlement period that takes place between the buyer and seller. This settlement period is usually two business days after the trade date. This means that if an investor purchases shares on or after the ex-dividend date, the settlement date will occur after the record date, and they will not be eligible to receive the dividend.

but now does the settlement period is moved to t+1 days ???

 

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