Shareholder of record
The shareholder of record is the one who receives the dividend payment.
Dividends are paid to the owner recorded on the books of the stock registrar. When a stock is traded, the new ownership is recorded three days after the trade date. Hence, dividends are paid with an "x" date, the date after which the buyer will no longer get the dividend, usually indicated with an x footnote next to the dividend in the newspaper listings.
Related Fool Articles
Recent Mentions on Fool.com
- Why Lloyds Banking, Intermediate Capital, and Quindell Portfolio Should Beat the FTSE 100 Today
- Mondelez Keeps Quarterly Dividend at $0.13
- Here's Why JPMorgan Is Flying High Today
- NetApp Initiates Dividend, Increases Stock Buyback, Cuts Jobs
- 3 Reasons to Love GlaxoSmithKline
- A Closer Look at Aviva's Dividend Potential