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  #1  
Old 08-26-2005, 12:23 PM
KaneKungFu123 KaneKungFu123 is offline
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Join Date: Feb 2005
Posts: 1,026
Default when do i get my dividends?

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
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  #2  
Old 08-26-2005, 01:25 PM
RocketManJames RocketManJames is offline
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Join Date: Nov 2002
Posts: 118
Default Re: when do i get my dividends?

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
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  #3  
Old 08-26-2005, 04:04 PM
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Default Re: when do i get my dividends?

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.
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  #4  
Old 08-26-2005, 08:10 PM
RocketManJames RocketManJames is offline
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Posts: 118
Default Re: when do i get my dividends?

[ 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
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  #5  
Old 08-29-2005, 10:36 PM
MaxPower MaxPower is offline
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Join Date: Jan 2003
Location: The Land of Chocolate
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Default Re: when do i get my dividends?

3M is good choice. You should reinvest the dividends. Get into the DRIP if they have one.
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  #6  
Old 08-30-2005, 09:18 PM
kagame kagame is offline
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Location: lawrence, ks
Posts: 300
Default Re: when do i get my dividends?

why doesnt my etrade chart show the D dates?
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