Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How dividend payout happens
The ex-dividend date is the first date on which you may sell without losing your dividend.  In this case that date is August 5th (thanks, Victor).  The price opens on the ex-dividend date lower than it closed on the previous day (by the amount of the dividend). Therefore you may sell any time on August 5th (including during pre-market trading) and still get the dividend. You must be the owner of the stock as of the end of after-hours trading on the 4th (and therefore overnight) in order to get the dividend. Intel's Dividend Dates The record date isn't important to your trading decision.