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
- Phil Knight: The Sports Marketing Genius Behind Nike Inc.'s Success
- Why J.C. Penney Jumped 32% in the First Half of 2015
- This Could Be Johnson & Johnson?s Future
- The Reason Behind Organovo Holdings' Swoon in June
- Can Celgene Corporation's Superior Earnings Growth Continue?
- 1 Reason to Bet Big on Bank of America