written by reader X Dividend question

By stevemack70, August 22, 2014

I was under the impression you receive a dividend on shares you hold as of the XD date. Last year I owned 100 shares of STON and on anticipation of the dividend I bought 10 more shares after the XD date. When the dividend was paid they paid on 110 shares. Was this their mistake or is the rule that you just have to be a shareholder at the XD date and any shares you have at the pay date will be paid?

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