when do i get my dividends?

[KaneKungFu123]

i bought 3M stock and it says my settlement day was Aug 16.
Aug 17 is 3M dividend date. i havent recieved anything yet from my online broker www.sharebuilder.com (http://www.sharebuilder.com)

[RocketManJames]

A quick look shows the following for MMM:

Dividend Date: 12-Sep-05
Ex-Dividend Date: 17-Aug-05

So, you should get the dividend on the 12th of September.

-RMJ

The ex-dividend date is the date on which the company records who gets dividends and who doesn't. So if you had sold your stock on the 16th, you wouldn't get a dividend, but if you sold it on the 17th, you would. Typically the stock price drops by the amount of the dividend on the ex-div date.

[RocketManJames]

[ QUOTE ]
The ex-dividend date is the date on which the company records who gets dividends and who doesn't. So if you had sold your stock on the 16th, you wouldn't get a dividend, but if you sold it on the 17th, you would. Typically the stock price drops by the amount of the dividend on the ex-div date.

[/ QUOTE ]

Yes, I know. The OP said he bought stock prior to the ex-dividend date. So I was simply giving him the date that his dividend would actually be paid. I included the ex-dividend date information there so that he could see that there was a distinction between dividend payment date and ex-dividend date.

-RMJ

[MaxPower]

3M is good choice. You should reinvest the dividends. Get into the DRIP if they have one.

[kagame]

why doesnt my etrade chart show the D dates?