Business, Legal & Accounting Glossary
The shareholder of record is the one who receives the dividend payment.
Dividends are paid to the owner recorded on the books of the stock registrar. When a stock is traded, the new ownership is recorded three days after the trade date. Hence, dividends are paid with an “x” date, the date after which the buyer will no longer get the dividend, usually indicated with an x footnote next to the dividend in the newspaper listings.
The shareholder of record is the person named on the company’s books as owning one or more shares of that company’s stock.
Dividends or any other distributions made by the company are only made to the shareholder of record. The shareholder of record should not be confused with the beneficial owner of shares. The beneficial owner receives the benefits of stock ownership without being the shareholder of record. A beneficial owner may create a shareholder of record (often a child or other family member or a corporation) for tax or other purposes. Brokerage houses often keep shares in a “street name” rather than the name of the shareholder of record in order to facilitate future transactions. A shareholder of record may also be called a holder or owner of record.
Stockholder Of Record
Record Holder
Record Owner
Registered Holder
Registered Owner
Also known as a shareholder of record, a record holder or owner, or a registered holder or owner. The stockholder whose name is listed as the owner of shares on the company’s books and records as of a specific date (the record date). In contrast to a beneficial owner, who owns stock indirectly through a broker, dealer, bank, or other entity, a stockholder of record has a direct relationship with the company and direct title to the shares. Beneficial owners who hold their shares through a broker, dealer, or bank are also said to hold them in street name.
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This glossary post was last updated: 26th January, 2022 | 0 Views.