IAmNeil

Okay so the Ex-Dividend date is used as both the cut-off to determine who gets the dividend and also the day the dividend takes affect in the stock price.  I’m still not exactly sure about the holder-of-record, what’s it’s purpose? The owners of record receive the dividend? What does that mean? How is that different than the dividends actually being paid out (Payment date), sorry.  I just cannot make the distinction between Holder-of-Record and Payment date.