I'm some what of a novice regarding mutual fund investing and have a question regarding dividends.
If I invest in a mutual fund that pays quarterly dividends and I hold the fund through the quarter up to a few days before the end of the quarter and sell the fund do I get the dividend payment or some portion of the quarterly dividend?
Example: I purchase Wellesley on 1/2/2016 and sell it on 3/29/2016 do I get any of the dividend that's paid. Also if I exchange to Equity Income on 3/29/2016 will I receive any dividend from Equity Income for the days I own it?
If I invest in a mutual fund that pays quarterly dividends and I hold the fund through the quarter up to a few days before the end of the quarter and sell the fund do I get the dividend payment or some portion of the quarterly dividend?
Example: I purchase Wellesley on 1/2/2016 and sell it on 3/29/2016 do I get any of the dividend that's paid. Also if I exchange to Equity Income on 3/29/2016 will I receive any dividend from Equity Income for the days I own it?