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Resource Capital (RSO) declares $0.20/share quarterly dividend, in line with previous. Forward...

Resource Capital (RSO) declares $0.20/share quarterly dividend, in line with previous. Forward yield 13.66%. For shareholders of record Dec. 31. Payable Jan. 28. Ex-div date Dec. 27. (PR)
Comments (9)
  • amorti
    , contributor
    Comments (24) | Send Message
     
    re: RSO dividend payment.
    Do I understand correctly if you are a shareholder of record, i.e. you purchase RSO anytime between the 28th-31st of Dec., you will receive a dividend Jan 28th, even through the Ex-div date was Dec 27. Or is it that you have to own prior the Dec 27 and still be a holder until Dec 31st, to be entitled to a dividend?
    21 Dec 2012, 01:01 PM Reply Like
  • jerryu44
    , contributor
    Comments (111) | Send Message
     
    No, in order to be a shareholder of record you have to own the stock before the ex-date because it takes a number of days after the stock is purchased to become the shareholder of record.
    21 Dec 2012, 04:23 PM Reply Like
  • Gots
    , contributor
    Comment (1) | Send Message
     
    If i had bought it on the 26th of Dec and sold it on the 27th of Dec. because i sold it after the ex-date I should receive the dividend right? also, because my account is with scottrade/etrade & it takes a few days for the purchase to settle does that effect anything?
    30 Jan 2013, 04:36 AM Reply Like
  • elocutio
    , contributor
    Comment (1) | Send Message
     
    But you can own and then SELL on the 27th (four day settlement) and still be shareholder of record and thus get paid the dividend. I am uncertain about if you BUY on the 27th.
    27 Dec 2012, 05:01 AM Reply Like
  • jerryu44
    , contributor
    Comments (111) | Send Message
     
    If you buy on the ex-date you do not get the dividend until the next dividend is declared. After the ex-date, a stock is said to trade ex-dividend.

     

    Ex-Date Definition | Investopedia
    http://bit.ly/VkPiCn date on or after which a security is traded without a previously declared dividend or distribution.
    27 Dec 2012, 09:02 PM Reply Like
  • amorti
    , contributor
    Comments (24) | Send Message
     
    Out of this conversation, is there any meaning to "shareholders of record", which is said to be Dec. 31st. What loss end is this taking into consideration, or explaining?
    29 Dec 2012, 04:20 PM Reply Like
  • jerryu44
    , contributor
    Comments (111) | Send Message
     
    The reason that the ex date is a couple of days before the shareholder of record date is because it takes a few days (2 I think) after the stock is purchased for the purchaser to become the shareholder of record and receive the dividend.

     

    Definition of 'Holder Of Record'
    The name of the person who is the registered owner of a security and who has the rights, benefits and responsibilities of ownership. The holder of record for a stock typically has shareholder voting rights and receives dividend payouts if there are any. The holder of record for a bond owns the bond and receives the principal and interest payments. When the owner sells the security, he or she ceases to be the holder of record.
    Read more: http://bit.ly/UCRAwS
    30 Jan 2013, 09:56 AM Reply Like
  • amorti
    , contributor
    Comments (24) | Send Message
     
    Thank-you all for the explainations.
    31 Jan 2013, 03:43 AM Reply Like
  • amorti
    , contributor
    Comments (24) | Send Message
     
    Thank-you all for the explanations.
    31 Jan 2013, 03:44 AM Reply Like
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