1. Stock name ABC dividend XD is 21st of January year 0000.
2. If Mr.D purchase shares of ABC on 20th of January 0000.
3. Payment will be made by Mr. D on 23rd of January in according to T+3 and until that time shares will not be transferred to his account.
4. does Mr. D will get the Dividend for ABC.???
5. Mr. E sold ABC 20th January year 0000, and Mr.E will receive the payment on 23rd January in accordance with T+3 rule.
6. Until Mr,E receive the payment on 23rd ABC Shares are belong to Mr.E therefore Does he entitle for Dividend?
Who are the real owner of Dividend Mr.E or Mr.D