Q. What is a custodial account?
A custodial account allows a parent (or grandparent, other family member, or friend) to open a savings/investing account for a minor*. Until the minor reaches the “age of majority” (usually 18 or 21 depending on the State), only the adult or ‘Custodian’ who opened the account can manage the funds. Think of the age of…
Q. Are dividends guaranteed?
No. Many companies have a long, reliable track record of paying dividends, but no company is required to pay them. Dividends are a subset of revenue generation and profitability, and given that these factors cannot be guaranteed, dividends are also not guaranteed. However, it is important to note that many companies and investment funds with…
Q. Are dividends paid quarterly?
Usually, but not necessarily. Some publicly traded companies pay quarterly dividends because they are required by law to report a draft of their financial statements every quarter, including how much money they want to distribute to their shareholders. However, the timing of dividend payments depends on the wishes of the board of directors—so ultimately the…
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