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If you wish to receive the dividend, you should own the stock by theclose of market on the day earlier than theDividend Ex-Date. Many instances, a covered call is exercised early so the customer canown the inventory and collect the dividend. This typically happens to ITM choices the day earlier than the Dividend Ex-Date. Rights Managed Photos are generally frequent in the news and advertizing corporations. Here, you have to specify the trade that may use your photos.