Template:Dividend timing: Difference between revisions

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===The timing of [[Dividend - Equity Derivatives Provision|dividends]]===
===The timing of [[Dividend - Equity Derivatives Provision|dividends]]===
There are four crucial dates: in order, these are the  “'''[[declaration date]]'''”, the “'''[[ex-dividend date]]'''”, the “'''[[record date]]'''”, and the “'''{{eqderivprov|Dividend Payment Date}}'''”.
There are four crucial dates: in order, these are the  “'''[[declaration date]]'''”, the “'''[[ex-dividend date]]'''”, the “'''[[record date]]'''”, and the “'''{{eqderivprov|Dividend Payment Date}}'''”.
*'''[[Declaration date]]''': The [[declaration date]] (also called an [[announcement date]] is the date on which the [[issuer]] announces there will be a dividend. They usually happen quarterly, for those stocks which are regular dividend payers. This comes first. The dividend declaration will include the size of the dividend (the {{eqderivprov|Dividend Amount}}), the [[ex-dividend date]] (being the last date on which, if you buy the stock, you get the dividend), and the {{eqderivprov|Dividend Payment Date}} — the date on which a dividend is actually paid. Timings are likely to be:
*'''[[Declaration date]]''': The [[declaration date]] (also called an [[announcement date]] is the date on which the [[issuer]] announces there will be a dividend. They usually happen quarterly, for those stocks which are regular dividend payers. This comes first. The dividend declaration will include the size of the dividend (the {{eqderivprov|Dividend Amount}}), the [[ex-dividend date]] (being the last date on which, if you buy the stock, you get the dividend), and the {{eqderivprov|Dividend Payment Date}} — the date on which a dividend is actually paid. Timings are likely to be (these are indicative — I just made them up okay):
:*[[Declaration date]] = D
:*[[Declaration date]] = D
:*[[Ex-dividend date]] = D+9
:*[[Ex-dividend date]] = D+9