Book closing date

The day by which you must be registered as an owner of the stock to receive the dividend. On this day, a record is taken of all the owners of the company and how many shares they own so the company knows whom to pay the dividend to on the payment date. It typically takes two to three days to become registered as a shareholder of a company, so this is not the last day to buy the stock; that is the ex-dividend date.

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