Date of Payment

Date of Payment - a date of payment is a term for the date a payment on a dividend on a stock, a distribution of a mutual fund, or a bond interest payment is made or is scheduled to be made. It?s also known as the distribution date or simply the payment date only the investors that bought the securities previous to the last dividend date will receive the dividend on the date of payment. Dividends will vary in amounts depending on market conditions and the performance of the company itself, but the payment date remains the same, no matter what the payment is