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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

267.0. "Dividends: when?" by ROM01::CIPOLLA (Bruno Cipolla Alpha team, take no prisoners!) Wed Aug 19 1992 16:37

    I just bought some Shares on the NYSE
    
    When do US companies usually distribute dividends?
    
    Bruno
T.RTitleUserPersonal
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267.1No one answerSSDEVO::RMCLEANWed Aug 19 1992 21:241
  When they "damn" well feel like it.... Often at quarter boundary's
267.2SDSVAX::SWEENEYPatrick Sweeney in New YorkWed Aug 19 1992 21:496
    Earnings are computed at the end of the quarter.
    The dividends committee meets.
    The dividend and date of record is declared.
    The date of record is reached.
    
    Shareholders on that day are paid a few days later.
267.3here yearly...ROM01::CIPOLLABruno Cipolla Alpha team, take no prisoners!Thu Aug 20 1992 08:075
    well, over here they are paid yearly, instead of quarterly...
    
    thank you !
    Bruno
    
267.4ASIC::ASIC::KANDAPPANFri Aug 21 1992 00:498
Look into an S&P stock guide. They'll list the Dividend record date for the
past couple of years for each company and that should give you an idea of
when they normally do declare and payout the dividends.

As always, past performance is no guarantee of future results ;^)

ciao
-parthi
267.5ex div?EPS::REED_RWed Aug 26 1992 11:364
    
    	Does "ex dividend" mean after the dividend record date or 
    	after the date the dividend was paid?
    
267.6EX DIV IS...SCARGO::CARLTONThu Aug 27 1992 18:097
    RE: .6  The "Ex-Dividend" date is the first day the underlying stock
    trades without the right to receive the latest dividend accruing to the
    owner of record.  I believe the dividend record date is 5 days after
    the "EX-D" date.  This allows for trades occuring up through the day
    prior to "EX-D" to be recorded so dividends are payed to their rightful
    owners.  So, "ex dividend" means after the dividend record date only
    when you back-up five days!