Once
you’ve
built
your
dividend
portfolio–
here’s
a
guide
how
to
do
that–
it
pays
to
know
how
dividends
are
paid
out.
We’re
going
to
explain
the
four
steps,
and
what
they
mean
to
investors.
This
is
the
date
on
which
the
company
officially
announces
that
it
will
pay
a
dividend.
At
this
point,
the
amount
of
the
dividend
and
the
record
date
are
set.
This
is
the
date
from
which
the
shares
are
traded
without
the
right
to
the
next
dividend.
If
you
buy
shares
after
this
date,
you
will
not
receive
the
current
dividend.
On
this
date,
the
company’s
stock
is
discounted
by
the
dividend
amount.
The
Record
Date
Investors
must
be
listed
as
owning
the
shares
on
this
date
to
be
eligible
to
receive
the
dividend.
It
is
important
to
buy
the
shares
before
the
record
date
in
order
to
receive
the
dividend
payment.
It’s
typically
the
business
day
after
the
ex-dividend
date.
The
Payout
Date
The
date
on
which
the
company
distributes
dividends
to
shareholders
of
record.
It
can
occur
days
or
weeks
after
the
record
date.
How
Often
Will
a
Company
Pay
Dividends?
European
and
U.K.
companies
pay
dividends
on
a
quarterly,
semi-annual
or
annual
basis,
depending
on
each
firm’s
dividend
policy.
Companies
with
a
stable
history
of
dividend
payments
usually
maintain
a
constant
frequency
for
years
or
decades.
Occasionally,
companies
also
pay
an
extraordinary
dividend.
These
special
payments
can
occur
when
a
company
finds
itself
with
a
sudden
cash
surplus,
such
as
the
sale
of
non-core
assets,
the
receipt
of
unexpected
income,
or
the
liquidation
of
strategic
investments.
The
decision
to
grant
a
special
dividend
is
usually
made
by
the
company’s
board
of
directors
and
is
subject
to
approval
by
shareholders
at
a
general
meeting.
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