time of day to hold for dividend

Discussion in 'Stocks' started by trading1, Sep 29, 2010.

  1. IN order to receive a dividend is it necessary to hold the stock at the EOD, the day BEFORE the ex div date, is that right? What happens if you are day trading the day before and enter and exit? Thanks for any help
  2. You can trade it as much as you want the day prior to ex-div. You would need to buy sometime before the close and then hold overnight in order to collect the dividend. On the x-date the price of the stock will be marked down by the amount of the dividend, so it is a wash.