Record Date

In trading, the record date refers to the date on which an investor must be listed as a stock owner in a public company’s records in order to be eligible for annual dividends.

The settlement period must be complete by this date for a stock’s new owner to be eligible for the annual dividend. For this reason, a trade must be initiated before the ex-dividend date. This falls either 2 or 3 trading days ahead of the record date (depending on whether an exchange uses a T+2 or a T+3 settlement period).

More on this topic:
Swiss stock broker comparison

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 70 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.