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Topic: Business
Number of pages / Number of words: 8 / 2171
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Other companies from time to time will declare an extra or special dividend. Microsoft gave out a one time $3 per share dividend last year. The total payout, which was made on December 2, 2004, was about $32 billion. Mutual funds sometimes declare a year-end dividend and maybe one or more other dividends...


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In order to be a shareholder of record on the record date you must own the shares on that date (when the books close for that day). Since virtually all stock trades by brokers on exchanges are settled in 3 (business) days, you must buy the shares at least 3 days before the record date in order to be the shareholder of record on the record date...


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