Verified answer

No. The settlement date would have to be before the ex-dividend date not after.

Settling starts off once you sell. the client (and brokers) has 3 days to actual get the money on your account. It additionally occurs once you purchased, only any incorrect way. the provider provider (and brokers) have 3 days to furnish you the stocks. many human beings do not understand this simply by fact the brokerage business enterprise updates your account notably plenty right now, yet till 3 days previous, that's an unsettled commerce. you have made the deal even though it hasn't been accompanied by way of yet. Kinda like procuring a house. You sign each and all the place of work work, yet do not pass in till later. so which you own the domicile, yet are not in it yet.