Ameritrade Dividend

Online Trading Question: Do I own a stock?

If I use an online trader such as e-trade or ameritrade to purchase a stock do I have ownership in that stock?? As in could I receive cash dividends??? Very curious. Thank you.

Yes you own the stock

Most securities are held by the firm and/or its clearing firm. Such securities are held in a depository and the firm (and you) receive electronic notice of the holdings.

You will, as an owner of the stock recieve dividends as long as you have purchased the stock prior to the X-Date of the dividend.

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