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
- ExxonMobil Drops and Keurig Soars as Stocks Fall
- 3 Ways General Electric Could Become Great Again
- Apple, Inc. Stock Could Deliver Big Gains in 2016. Here's Why.
- Safe Stocks Yielding 5% (or More) Do Exist -- Here Are 5 of Them
- Can GoPro Bounce Back From Last Week's 11% Drop?
- How Companies Use Their Cash: Dividends