Hi Fellow Bogleheads,
For Money Market funds in brokerage account such as SPAXX or VMFXX, I am seeing the distribution is at on a particular date of the month. For simplicity assume on the 1st of each month. So, assume if one buys the fund on the 3/31; will they receive the full dividend on the 4/1 ? Alternatively, if one has the fund from 3/2 and sells on 3/31, will they receive no dividends on 4/1. Could the experts enlighten me about this. Thanks.
For Money Market funds in brokerage account such as SPAXX or VMFXX, I am seeing the distribution is at on a particular date of the month. For simplicity assume on the 1st of each month. So, assume if one buys the fund on the 3/31; will they receive the full dividend on the 4/1 ? Alternatively, if one has the fund from 3/2 and sells on 3/31, will they receive no dividends on 4/1. Could the experts enlighten me about this. Thanks.
Statistics: Posted by investor231i — Fri Apr 26, 2024 5:04 pm — Replies 3 — Views 187