The last
cum dividend date is always three business days before the record date: the ETF purchase will therefore settle on the record date.
Not exact matches
Until the ex-
dividend date, the ETF is said to be trading
cum dividend («with
dividend»).
If you had bought a
dividend - paying stock one day or more before the ex-
dividend date, you would have still gotten the
dividend (because the shares were trading
cum -
dividend).
A stock trades
cum -
dividend up until the ex-
dividend date, after which the stock trades without its
dividend rights.
If you buy shares quoted
cum dividend, i.e., before the ex
dividend date, you will receive an upcoming already - declared
dividend.
If you buy a stock before the Ex-
dividend date, it means you buy the stock
cum -
dividend.
If you buy a
dividend - paying stock one day or more before the ex-
dividend date, you will still get the
dividend (because the shares are trading
cum -
dividend).