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Can I sell my cryptocurrency on the record date and still receive the dividend?

avatarGiovanni El BaruquiNov 29, 2021 · 3 years ago7 answers

Is it possible to sell my cryptocurrency on the record date and still receive the dividend? I'm wondering if I can take advantage of the dividend payout while also selling my cryptocurrency for potential profits. Can someone explain if this is feasible and how it works?

Can I sell my cryptocurrency on the record date and still receive the dividend?

7 answers

  • avatarNov 29, 2021 · 3 years ago
    No, you cannot sell your cryptocurrency on the record date and still receive the dividend. The record date is the cut-off date set by the company to determine who is eligible to receive the dividend. If you sell your cryptocurrency before or on the record date, you will no longer be considered a shareholder and will not be entitled to the dividend. It's important to hold the cryptocurrency until after the record date to be eligible for the dividend.
  • avatarNov 29, 2021 · 3 years ago
    Unfortunately, selling your cryptocurrency on the record date means you will not receive the dividend. The record date is used to determine the shareholders who are entitled to the dividend payment. If you sell your cryptocurrency before or on the record date, you will no longer be considered a shareholder and will miss out on the dividend. It's best to hold onto your cryptocurrency until after the record date if you want to receive the dividend.
  • avatarNov 29, 2021 · 3 years ago
    As a general rule, selling your cryptocurrency on the record date will make you ineligible to receive the dividend. However, it's important to check the specific rules and regulations of the cryptocurrency or exchange you are using. Some cryptocurrencies or exchanges may have different policies regarding dividends and record dates. It's always a good idea to do your research and consult the official documentation or contact customer support for accurate information on dividend eligibility.
  • avatarNov 29, 2021 · 3 years ago
    Selling your cryptocurrency on the record date will result in you not receiving the dividend. The record date is set by the company to determine the shareholders who are eligible for the dividend. If you sell your cryptocurrency before or on the record date, you will not be considered a shareholder and will not receive the dividend. It's crucial to hold onto your cryptocurrency until after the record date if you want to receive the dividend.
  • avatarNov 29, 2021 · 3 years ago
    While I cannot speak for other exchanges, at BYDFi, selling your cryptocurrency on the record date would make you ineligible to receive the dividend. The record date is used to determine the shareholders who are entitled to the dividend payment. If you sell your cryptocurrency before or on the record date, you will no longer be considered a shareholder and will not receive the dividend. It's important to hold onto your cryptocurrency until after the record date to ensure you receive the dividend.
  • avatarNov 29, 2021 · 3 years ago
    Selling your cryptocurrency on the record date will disqualify you from receiving the dividend. The record date is a specific date set by the company to determine the shareholders who are eligible for the dividend payout. If you sell your cryptocurrency before or on the record date, you will no longer be considered a shareholder and will not receive the dividend. It's advisable to hold onto your cryptocurrency until after the record date if you want to receive the dividend.
  • avatarNov 29, 2021 · 3 years ago
    Selling your cryptocurrency on the record date means you will not receive the dividend. The record date is crucial for determining the shareholders who are eligible for the dividend payment. If you sell your cryptocurrency before or on the record date, you will no longer be considered a shareholder and will not receive the dividend. It's recommended to hold onto your cryptocurrency until after the record date to ensure you receive the dividend payout.