On October 26, U.S. President Trump said that a $5,000 dividend would be paid out shortly after the midterm elections.
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Corporate dividends follow a different calendar: profits are booked first, the amount depends on how much the company earned that year, and the ex-dividend date and payment date are set out in an announcement. When the date arrives, the money is deposited into shareholders’ accounts according to the number of shares they hold.

The amount of this dividend is fixed at $5,000; the timing has only been described as shortly after the election. Its payout date follows the vote, not the books. The money hasn’t arrived, and the date has already become a variable.

It’s money being paid out in both cases, but one payout date is set by financial statements and the other by a vote. What can be priced for this dividend is the timing of when it arrives. The figure—$5,000—is already on paper; the calendar is still in voters’ hands.
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