Dividends have three (3) specific dates that determine eligibility:
Ex-dividend date (or "ex-date"): The ex-date is the date before which your purchase order must be executed in order to receive the dividend. The date you enter your order into the LOYAL3 platform is not the same as the purchase date. The purchase date is reflected in the details section of your LOYAL3 account.
Record date: The record date is the date on which you must actually hold the shares in your account to receive a dividend and is typically two (2) business days after the ex-date.
Payable date: The payable date is the date the Company plans to pay the dividend, however LOYAL3 may receive the funds after that date.