Dividend education for Canada and the US · no stock picks · rules checked October 31, 2026Part of the MITEY network
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Infographic

The dividend dates timeline under T+1

One picture of declaration, last day to buy, ex-dividend, record and payment dates since Canada and the US moved to one-day settlement in May 2024.

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In one paragraphUnder T+1 settlement the ex-dividend date and the record date are normally the same business day. To receive a dividend you must buy at the latest on the business day before the ex-date; selling on or after the ex-date keeps the dividend.
Dividend timeline under T+1: declaration, last day to buy, ex-dividend and record date on the same day, then payment.T+1: one business dayDeclarationBoard announces amount and datesLast day to buyBusiness day before ex-dateEx-date = record dateBuyers from today miss itPaymentCash (or DRIP shares) arriveDays between declaration and payment vary by company; the gap shown is not to scale.
Canada moved to T+1 on May 27, 2024 and the US on May 28, 2024. Before that (T+2), the ex-date was one business day before the record date.

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Rules checked October 31, 2026. Tax rules and rates change; confirm current details on the official pages above.