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IMO declared a quarterly cash dividend of CAD 0.87 per share, the company disclosed. Both the ex-dividend date and the record date fall on Sept. Shareholders registered on that day receive payment Oct.
Dividend mechanics The ex-dividend date is the cutoff for this distribution. Buyers who settle their purchase before Sept. 4 appear on the qualifying register; anyone who buys on or after that date does not.
4, is the day IMO consults its shareholder register to determine who receives the payout.
Under T+1 settlement, now standard across North American equity markets, a share purchased the prior business day settles in time to qualify.
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