Can someone help me understand the logistics of dividend payments?
I currently own shares of verizon. The record date is tomorrow 7/10. Which means the ex-dividend date is today 7/9. If I sold my shares right now, i would not get the dividend payment on 8/1, because i wouldnt be recorded as a shareholder holder on 7/10?
Can I assume that the stock will sell off a bit on 7/10 because everyone knows the share price will decrease by the amount of the dividend on 8/1? So anyone that sells tomm morning will still get the payment on 8/1?
Do I have the logistics correct?
Leave a Reply