Record date

(1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For example, a firm might declare a dividend on Nov 1, payable Dec 1 to holders of record Nov 15. Once a trade is executed an investor becomes the "owner of record" on settlement, which currently takes 5 business days for securities, and one business day for mutual funds. Stocks trade ex-dividend the fourth day before the record date, since the seller will still be the owner of record and is thus entitled to the dividend. (2) The date that determines who is entitled to payment of principal and interest due to be paid on a security. The record date for most MBSs is the last day of the month, however the last day on which they may be presented for the transfer is the last business day of the month. The record date for CMOs and asset-backed securities vary with each issue. The New York Times Financial Glossary

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   The date on which a shareholder must be the official owner of shares to be entitled to the dividend. This date is set by the board of directors.
   ► See also Ex, Ex-Dividend.

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record date UK US noun [C or S] FINANCE, STOCK MARKET
the official date on which a shareholder must own shares in order to receive dividend payments on them or to vote at a shareholders' meeting: »

Each shareholder may cast one vote for each full share and a partial vote for each partial share that they own on the record date, which is December 21, 2011.


Financial and business terms. 2012.

Look at other dictionaries:

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  • Record Date — The date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution. On the record date, a company looks to see who its shareholders or holders of record are.… …   Investment dictionary

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  • record date — / rekɔ:d deɪt/ noun same as date of record …   Dictionary of banking and finance

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  • record date — It is the date on which positions are struck at the end of the day to identify which parties will receive the entitlement …   Euroclear glossary

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