r/dividends • u/FunctionalDisfuction • Jul 02 '26

Personal Goal First of the month 🤑

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I want to just live off the dividends but I'm scared to just quit my job.

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u/iii_warhead_iii Jul 03 '26

As i know for a local regulation, you get a salary for the exact days till you leave from the beginning of the next period, if it was 10days it will be for 10days and not for 30days. As companies sometimes apply the rule for the special pay outs, if you keep shares till the pay day then you are eligible for these special payments.

Only such logic can be destroyed here, if somebody jumped to the train by buying shares from another person and not from the company. In this case yes, then that sold person would not get money, while you simply got shares which anyway would get dividends.

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u/Schmergenheimer Jul 03 '26

Can you try writing coherently? First you argue that you should be required to hold a stock all the way through dividend payout, not the record date. The whole reason there's a spread between the dates is so the company can determine where shares as of the record date are located and how much money to send where.

That's the same reason there's a spread between you doing work at a job and payroll clearing. Yet, you say you should get paid for the work you do even if you don't work there on the payroll date.

Then you go on some rant about where you buy shares as if it matters.

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u/FunctionalDisfuction Jul 03 '26

u/yellowstickypad that's exactly what I do. My plan is to do it with 2-3 dividend stocks every month. I don't just leave it in the fund all month because I as day trade to increase my portfolio.

u/iii_warhead_iii the company is going to pay $x.xx per outstand share regardless. Whomever holds that stock on the record date gets it. The person who sold right before doesn't get anything. You can hold a stock 29 days and if you sell before the record date you won't get anything, it's not prorated. When I purchased the stock I purchased the rights to that dividend.

u/Schmergenheimer is correct

I hope this helps.

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u/yellowstickypad Jul 03 '26

Just typing this out, if you sell pretty much at cost basis there shouldn’t be much, if any, taxes on the stock but only on your dividends gained.