The date set to determine the owner entitled to the next dividend, interest, or principal payment. The payment is due to the owner who owned the security on the record date. American Banker Glossary
————
(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 five 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 MBS is the last day of the month, although the last day on which an MBS may be presented for the transfer is the last business day of the month. The record dates for CMOs and asset-backed securities vary with each issue. Bloomberg Financial Dictionary
————
It is the date on which positions are struck at the end of the day to identify which parties will receive the entitlement. Euroclear Clearing and Settlement glossary
————
The date on which a shareholder must be registered as the owner of shares in order to be entitled to a dividend. Exchange Handbook Glossary
* * *
* * *
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.
* * *
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.