The ex-dividend date is two business days before the dividend record date. Shareholders who have purchased their shares before the ex-dividend date will receive the dividend paid in the following month.
Dividend Record Date:
Shareholders on record by this date will qualify for the next cash dividend. To be on record by this date, investors must have purchased their shares by the ex-dividend date so enrolment information has time to reach the transfer agency that handles the dividends. For Crescent Point the record date is typically the last business day of the month.
The date that a company sends the cash dividend to shareholders (or the brokerage on their behalf). Normally, this occurs on the 15th of each month, however, if that falls on a weekend or holiday, the payment date will be the first business day following the 15th.