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
- Pall Corp.: Why You Should Invest In This Recession-Proof Industrial Supplier
- 3 Reasons to Invest in This Auto Infotainment Market Leader
- Altera Corporation's Second-Quarter Results Beat Expectations
- Why Under Armour, Nokia, and Trulia Are Today's 3 Best Stocks
- A Possible "Dirty Value" Play in the Burgeoning Oilfield Services Industry
- Caterpillar Inc.'s Stock Drops After Q2 Earnings: Is There a Bright Side?