Subject: File No. DF Title II - BD Liquidation
From: Geary I McClain

October 7, 2010

How can someone arbitrarily change the meaning of "shareholders of record"? When a company declares dividends to be paid to "shareholders of record" on a particular date, how can the people responsible to make the payments change it to "ex-dividend". If the company wanted a payment 2 days before, then they would make the payment of the dividend 2 days before to the "shareholders of record". This policy is completely ludicrous

Ex-Dividend Dates
They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date." When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks two business days before the record date. Here is an example: Declaration Date Ex-Dividend Date Record Date Payable Date 7/27/2004 8/6/2004 8/10/2004 9/10/2004 On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date. In this example, the record date falls on a Tuesday. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder. Home Previous Page Modified: 06/21/2004
Section: Investor Information Size: 7 kb Type: htm Date: October 3, 2005