Payment Date
Plain-English definition
The date scheduled for payment of a declared dividend to eligible shareholders.
Why it matters
Eligibility is determined separately from the payment schedule.
Example
An investor eligible for a hypothetical $0.30 dividend on 100 shares receives $30 before taxes or fees.
How income investors use it
Use declared payment dates for cash-flow planning, allowing for the broker's processing timing.
This material is general education, not individualized investment, tax, or legal advice.