T+2 Settlement Example: On May 18th, you purchased 1,000 shares of Widget Inc. stock. On June 5th, you sold 200 shares of this stock. You sold an additional 400 shares on July 9th The company declared a $0.40 per share dividend on June 25th to shareholders of record as of Thursday, July 10th, This dividend is payable on July 31st. How much dividend will you receive on July 31st as a result of your ownership of Widget Inc. stock